Statutes, codes, and regulations
Oregon Revised Statutes
Title 29 - REVENUE AND TAXATIONChapter 314 - TAXES IMPOSED UPON OR MEASURED BY NET INCOME
METHODS OF ACCOUNTING AND REPORTING INCOME
Section 314.295 - Apportionment or allocation where two or more organizations, trades or businesses are owned or controlled by the same interests

ORS § 314.295

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Current through 2024 Regular Session legislation effective April 17, 2024
Section 314.295 - Apportionment or allocation where two or more organizations, trades or businesses are owned or controlled by the same interests

In any case of two or more organizations, trades or businesses (whether or not incorporated, whether or not organized in the United States and whether or not affiliated) owned or controlled directly or indirectly by the same interests, the Department of Revenue may distribute, apportion or allocate gross income, deductions, credits or allowances between or among such organizations, trades or businesses, if it determines that such distribution, apportionment or allocation is necessary in order to prevent evasion of taxes or clearly to reflect the income of any of such organizations, trades or businesses.

ORS 314.295

1957 c.632 §10 (enacted in lieu of 316.560 and 317.375); 1991 c.457 §16b