Oregon Statutes 316.317 – Credit to beneficiary for accumulation distribution
A nonresident beneficiary of a trust whose adjusted gross income derived from sources in this state includes all or part of an accumulation distribution by such trust, as defined in section 665 of the Internal Revenue Code, shall be allowed a credit against the tax otherwise due under this chapter, computed in the same manner and subject to the same limitation as provided by ORS § 316.298 with respect to a resident beneficiary. [1969 c.493 § 50]
Terms Used In Oregon Statutes 316.317
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- nonresident: means an individual who is not a resident of this state. See Oregon Statutes 316.022
[1953 c.304 § 41; 1957 c.73 § 1; 1965 c.410 § 5; repealed by 1969 c.493 § 99]
[1953 c.304 § 42; repealed by 1969 c.493 § 99]
[1953 c.304 § 43; 1955 c.580 § 1; repealed by 1969 c.493 § 99]
[1953 c.304 § 44; 1957 s.s. c.15 § 3; repealed by 1969 c.493 § 99]
[1961 c.608 § 2; repealed by 1969 c.493 § 99]
[1957 c.16 § 2; repealed by 1969 c.493 § 99]
[1953 c.304 § 45; 1953 c.552 § 9; 1955 c.589 § 1; repealed by 1969 c.493 § 99]
[1969 c.493 § 51; repealed by 1989 c.625 § 27 (314.712 enacted in lieu of 316.342)]
[1953 c.304 § 46; 1953 c.552 § 10; 1959 c.593 § 5 (referred and rejected); 1963 c.627 § 9 (referred and rejected); 1965 c.337 § 1; repealed by 1969 c.493 § 99]
[1969 c.493 § 52; repealed by 1989 c.625 § 29 (314.714 enacted in lieu of 316.347)]
[1953 c.304 § 47; repealed by 1969 c.493 § 99]
[1969 c.493 § 53; 1975 c.705 § 8; repealed by 1989 c.625 § 31 (316.124 enacted in lieu of 316.352)]
[1957 s.s. c.15 § 6; subsection (6) derived from 1957 s.s. c.15 § 8; 1959 c.92 § 1; 1963 c.627 § 12 (referred and rejected); 1965 c.410 § 6; repealed by 1969 c.493 § 99]
[1953 c.304 § 48; repealed by 1969 c.493 § 99]
[1953 c.304 § 49; repealed by 1969 c.493 § 99]
RETURNS; PAYMENTS; REFUNDS