Oregon Statutes 317.067 – Tax on homeowners association income
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(1) A tax is hereby imposed for each taxable year on the homeowners association taxable income of every homeowners association at the rate provided in ORS § 317.061 and as though the homeowners association were a corporation.
Terms Used In Oregon Statutes 317.067
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2) As used in this section, ‘homeowners association’ has the meaning given that term in section 528(c) of the Internal Revenue Code. [1977 c.597 § 3; 1983 c.162 § 6; 1999 c.21 § 44; 1999 c.90 § 22a]