Known as the Corporation Excise Tax Law
The act spans §§ 317.005 to 317.991 (261 sections).
Applied in 7 court decisions — leading case Pacific First Federal Savings Bank v. Department of Revenue (1989)
Most recently applied in Capital One Auto Fin. Inc. v. Dep't of Revenue (August 2018)
1975 c.368 §2; 1983 c.162 §5; 1987 c.293 §34a; 2009 c.745 §§5,7,9; 2013 s.s. c.5 §1
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
The rate of the tax imposed by and computed under this chapter is:
(1) Six and six-tenths percent of the first $1 million of taxable income, or fraction thereof; and
(2) Seven and six-tenths percent of any amount of taxable income in excess of $1 million.
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.