Oregon Code § 318.020·Enacted ·Last updated March 01, 2026
Statute Text
Imposition of tax.
(1) There hereby is imposed upon every corporation for each taxable year a tax
at the rate provided in ORS 317.061 upon its Oregon taxable income derived from
sources within this state, other than income for which the corporation is
subject to the tax imposed by ORS chapter 317 according to or measured by its
Oregon taxable income.
(2) Income from
sources within this state includes income from tangible or intangible property
located or having a situs in this state and income from any activities carried
on in this state, regardless of whether carried on in intrastate, interstate or
foreign commerce.
(3) Income that
constitutes net long-term capital gain described in ORS 317.063 shall be taxed
at the rate imposed under ORS 317.063. [1955 c.334 §2; 1957 c.607 §9; 1957
c.633 §1; 1961 c.55 §1; subsection (3) enacted as 1961 c.55 §2; 1975 c.368 §7;
1983 c.162 §44; 1999 c.21 §49; 2001 c.545 §5; 2005 c.94 §89]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 318.020
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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