Oregon Statutes 316.029 – Disallowance of subtraction for amounts included in calculation of net operating loss
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Notwithstanding ORS § 316.739, a subtraction from federal taxable income is not allowed for amounts included in the calculation of an Oregon net operating loss under ORS § 316.028. [2011 c.685 § 2]
Terms Used In Oregon Statutes 316.029
- Taxable income: means the taxable income as defined in subsection (a) or (b), section 63 of the Internal Revenue Code, with such additions, subtractions and adjustments as are prescribed by this chapter. See Oregon Statutes 316.022
[1953 c.304 § 6; repealed by 1957 c.632 § 1 (314.075 and 314.080 enacted in lieu of 316.025, 316.030, 317.015 and 317.020)]