Oregon Code § 317.920·Enacted ·Last updated March 01, 2026
Statute Text
Tax
imposed on unrelated business income of certain exempt corporations.
(1) Notwithstanding ORS 317.080, a
corporation otherwise exempt from tax under ORS 317.080 (1), (2), (3), (4), (7)
or (9) shall be subject to the tax imposed by and in accordance with the
provisions of this chapter, but only as to its unrelated business taxable
income, as defined under the Internal Revenue Code.
(2) Subsection
(1) of this section shall not apply to an organization described in section
501(c)(1) of the Internal Revenue Code.
(3) In the case
of unrelated business income of a private foundation described in section 509
of the Internal Revenue Code, the first quarter of estimated tax due under ORS
314.515 (1)(a) shall be paid on or before the 15th day of the fifth month of
the taxable year. [1959 c.356 §2; 1975 c.652 §90; 1983 c.162 §42; 1985 c.802 §28b;
1987 c.293 §48; 1997 c.839 §37; 1999 c.90 §25a]
Plain English Explanation
This Oregon statute addresses Tax
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 317.920
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
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