ORS § 317A.122

Current through 2024 Regular Session legislation effective June 6, 2024

Section 317A.122 - Exclusion for subcontracting payments

An exclusion from taxable commercial activity shall be allowed for subcontracting payments for labor costs that are made by a general contractor, as defined in ORS 701.005, to a subcontractor, as defined in ORS 701.410, pursuant to a contract for residential real estate construction. The exclusion under this section:

(1) Shall be allowed only for single-family residential construction located in Oregon;

(2) Is not allowed for payment for materials, land or permits;

(3) Is not allowed for payments between subcontractors; and

(4) Shall be 15 percent of payments for labor by the general contractor.

ORS 317A.122

2019 c. 579, § 58

Section 59, chapter 579, Oregon Laws 2019, provides:

Sec. 59. Section 58 of this 2019 Act [317A.122] applies to tax years beginning on or after January 1, 2020, and before January 1, 2026. [2019 c. 579, § 59]