Terms Used In Oregon Statutes > Chapter 317 > Unitary Tax

• Any other state: includes any state and the District of Columbia. See Oregon Statutes 174.100
• Consolidated federal return: means the return permitted or required to be filed by a group of affiliated corporations under section 1501 of the Internal Revenue Code. See Oregon Statutes 317.010
• Consolidated state return: means the return required to be filed under ORS § 317. See Oregon Statutes 317.010
• 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
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• insurer: means any domestic, foreign or alien insurer as defined in ORS § 731. See Oregon Statutes 317.010
• Oregon taxable income: means taxable income, less the deduction allowed under ORS § 317. See Oregon Statutes 317.010
• Statute: A law passed by a legislature.
• Taxable income or loss: means the taxable income or loss determined, or in the case of a corporation for which no federal taxable income or loss is determined, as would be determined, under chapter 1, Subtitle A of the Internal Revenue Code and any other laws of the United States relating to the determination of taxable income or loss of corporate taxpayers, with the additions, subtractions, adjustments and other modifications as are specifically prescribed by this chapter except that in determining taxable income or loss for any year, no deduction under ORS § 317. See Oregon Statutes 317.010