Oregon Statutes 317.635 – Domestic international sales corporation; exemption from minimum tax
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(1) Except as provided in ORS § 317.283, a domestic international sales corporation, commonly referred to as ‘DISC,’ as defined in section 992 of the Internal Revenue Code, shall be taxed in the manner provided for other corporations under this chapter and without regard to sections 991 to 996 of the Internal Revenue Code.
Terms Used In Oregon Statutes 317.635
- 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) An interest charge DISC formed on or before January 1, 2014, is exempt from the tax imposed under ORS § 317.090. [1983 c.162 § 39; 1985 c.802 § 22b; 2013 s.s. c.5 § 6]