Oregon Statutes 317.070 – Tax on centrally assessed, mercantile, manufacturing and business corporations and financial institutions
Every centrally assessed corporation, the property of which is assessed by the Department of Revenue under ORS § 308.505 to 308.674, and every mercantile, manufacturing and business corporation and every financial institution doing business within this state, except as provided in ORS § 317.080 and 317.090, shall annually pay to this state, for the privilege of carrying on or doing business by it within this state, an excise tax according to or measured by its Oregon taxable income, to be computed in the manner provided by this chapter, at the rate provided in ORS § 317.061. [Amended by 1957 c.607 § 3; 1957 c.709 § 1; subsection (3) of 1963 Replacement Part derived from 1957 c.607 § 11; 1957 c.709 § 2 and 1957 s.s. c.5 § 1; 1959 c.631 § 2; 1963 c.627 § 22 (referred and rejected); 1965 c.322 § 1; 1965 c.544 § 1; 1971 c.247 § 1; 1975 c.368 § 5; 1977 c.866 § 3; 1982 1 c.16 § 11; 1983 c.162 § 7; 1985 c.565 § 55; 1997 c.154 § 50; 1999 c.21 § 45; 1999 c.60 § 1; 2009 c.403 § 3]
Terms Used In Oregon Statutes 317.070
- 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.
- Department: means the Department of Revenue. See Oregon Statutes 317.010
- Doing business: means any transaction or transactions in the course of its activities conducted within the state by a national banking association, or any other corporation; provided, however, that a foreign corporation whose activities in this state are confined to purchases of personal property, and the storage thereof incident to shipment outside the state, shall not be deemed to be doing business unless such foreign corporation is an affiliate of another foreign or domestic corporation which is doing business in Oregon. See Oregon Statutes 317.010
- Excise tax: means a tax measured by or according to net income imposed upon national banking associations, all other banks, and financial, centrally assessed, mercantile, manufacturing and business corporations for the privilege of carrying on or doing business in this state. See Oregon Statutes 317.010
- Financial institution: has the meaning given that term in ORS § 314. See Oregon Statutes 317.010
- Oregon taxable income: means taxable income, less the deduction allowed under ORS § 317. See Oregon Statutes 317.010
[1977 c.887 § 8; 1981 c.778 § 40; 1981 c.894 § 30; renumbered 317.111]
[1967 c.592 § 9; 1969 c.340 § 3; 1973 c.831 § 9; 1977 c.795 § 12; 1977 c.866 § 11; 1981 c.408 § 2; 1983 c.637 § 7; renumbered 317.116]
[1959 c.631 § 6; repealed by 1969 c.520 § 49]
[1955 c.592 § 2; 1957 c.607 § 4; subsection (5) derived from 1957 c.607 § 11 and 1957 s.s. c.5 § 1; repealed by 1969 c.520 § 49]
[Repealed by 1955 c.592 § 4]
[1969 c.600 § 9; renumbered 317.122]
[1977 c.839 § 10; 1979 c.439 § 2; renumbered 317.128]
[1969 c.600 § 5; 1983 c.162 § 35; renumbered 317.650]