Or. Admin. R. 150-317-0680 - Tax Imposed on Unrelated Business Income of Certain Exempt Corporations
(1) ORS
317.920 to ORS
317.950 apply to those
corporations which earn unrelated business income although normally exempt
under ORS 317.080.
(2) For purposes of ORS
317.920, the term "unrelated
business income" shall have the same meaning as it is given in section 512 of
the Internal Revenue Code.
(3)
Such income shall be reported on an Oregon Corporation Excise Tax Return, Form
20, with a full copy of the Federal Form 990T or other required federal return
attached.
Notes
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 317.920
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