Oregon Revised Statutes Chapter 317 § 317.301 — Deferral of deduction for certain amounts deductible under federal law
Oregon Revised Statutes Chapter 317 ·
Oregon Code § 317.301·Enacted ·Last updated March 01, 2026
Statute Text
Deferral of deduction for certain amounts deductible under federal law.
(1) There shall be added to
federal taxable income for Oregon tax purposes the difference between the
amount allowable as a deduction under section 108 of the Internal Revenue Code
as applicable to the tax year of the taxpayer and the amount allowable as a
deduction under section 108 of the Internal Revenue Code as amended and in
effect on December 31, 2008, as applicable to the tax year of the taxpayer.
(2) There shall
be added to federal taxable income for Oregon tax purposes the difference
between the amount allowable as a deduction under section 168(k) of the
Internal Revenue Code as applicable to the tax year of the taxpayer and the
amount allowable as a deduction under section 168(k) of the Internal Revenue
Code as amended and in effect on December 31, 2008, as applicable to the tax
year of the taxpayer.
(3) There shall
be added to federal taxable income for Oregon tax purposes the difference
between the amount allowable as a deduction under section 179 of the Internal
Revenue Code as applicable to the tax year of the taxpayer and the amount
allowable as a deduction under section 179 of the Internal Revenue Code as
amended and in effect on December 31, 2008, as applicable to the tax year of
the taxpayer.
(4) Amounts added
to federal taxable income for Oregon tax purposes under subsections (1) to (3)
of this section may thereafter be subtracted from federal taxable income for
Oregon tax purposes in the tax year for which the amounts would have been
allowed as a deduction on the taxpayers federal income tax return under the
Internal Revenue Code as amended and in effect on December 31, 2008, as
applicable to the tax year of the taxpayer. [2009 c.909 §39; 2011 c.7 §30]
Note:
Section 31, chapter 7, Oregon Laws
2011, provides:
Sec. 31.
ORS 316.739 and 317.301 apply to
tax years beginning on or after January 1, 2009, and before January 1, 2011.
[2011 c.7 §31]
Plain English Explanation
This Oregon statute addresses Deferral of deduction for certain amounts deductible under federal law. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 317.301
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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