Oregon Statutes 316.272 – Computation and payment on estate or trust
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The taxable income of an estate or trust shall be computed in the same manner as in the case of an individual except as otherwise provided by this chapter. The tax shall be paid by the fiduciary. [1969 c.493 § 40; 1983 c.684 § 21]
Terms Used In Oregon Statutes 316.272
- Fiduciary: A trustee, executor, or administrator.
- Individual: means a natural person, including aliens and minors. See Oregon Statutes 316.022
- 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[1953 c.304 § 33; 1959 c.591 § 19; subsection (2) derived from 1959 c.591 § 21; repealed by 1969 c.493 § 99]