If a taxpayer changes the tax year on the basis of which net income is computed, the taxpayer shall, at the time and in the manner the Department of Revenue prescribes, make a separate return of net income received during the period intervening between the end of the former income year of the taxpayer and the beginning of the new income year.
ORS 314.355
Known as the Uniform Division of Income for Tax Purposes Act
The act spans §§ 314–314 (252 sections).
Applied in 1 court decision — leading case Pacific Power & Light Co. v. State Tax Commission (1966)
Most recently applied in Pacific Power & Light Co. v. State Tax Commission (August 1966)
1957 c.632 §6 (enacted in lieu of 316.520); 1987 c.293 §58
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.