Oregon Statutes 554.320 – Exemption from taxation
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The property and income of a corporation organized under the provisions of ORS § 554.005 to 554.340, but not for profit, or a corporation organized under ORS § 554.380, shall be exempt from taxation. The property and income of corporations which were incorporated under chapter 172, Oregon Laws 1911, and which amend their articles to state that the corporation shall not operate for profit shall also be exempt from taxation. [Amended by 1993 c.502 § 5; 2013 c.284 § 9]
Terms Used In Oregon Statutes 554.320
- 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.
[Repealed by 1969 c.345 § 20]