Oregon Statutes 317.930 – Exceptions and limitations
In addition to the exclusions and modifications contained in section 512(b) of the Internal Revenue Code, in determining unrelated business taxable income:
Terms Used In Oregon Statutes 317.930
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(1) There shall be excluded, in the case of any school, college or university, which rents real property to its students or faculty, all rents derived therefrom, providing that such property is actually a part of the school and that the continued presence of the students and faculty thereon is necessary to the educative function of the institution.
(2) There shall be subtracted any amount treated as derived from the conduct of an unrelated trade or business under section 995(g) of the Internal Revenue Code (relating to distributions to DISC tax-exempt shareholders). [1959 c.356 § 4; 1979 c.580 § 3; 1983 c.162 § 43; 1991 c.457 § 14a]
[1959 c.356 § 5; repealed by 1983 c.162 § 57]