Oregon Revised Statutes Chapter 317 § 317.310 — Balance in bad debt reserve of financial institution which has changed from
Oregon Revised Statutes Chapter 317 ·
Oregon Code § 317.310·Enacted ·Last updated March 01, 2026
Statute Text
Balance in bad debt reserve of financial institution which has changed from
reserve method to specific charge-off method of accounting.
(1) To derive Oregon taxable
income of a financial institution which has changed from the reserve method of
accounting to the specific charge-off method of accounting for federal tax
purposes, there shall be subtracted from federal taxable income amounts which
the financial institution recognized pursuant to section 585(c)(3) of the
Internal Revenue Code.
(2) To derive
Oregon taxable income, after the modification prescribed in subsection (1) of
this section, the balance in the reserve for bad debts, as determined under ORS
Plain English Explanation
This Oregon statute addresses Balance in bad debt reserve of financial institution which has changed from
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 317.310
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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