Chapter 60 Oregon Laws 1999

Session Law

AN ACT

SB 252

Relating to taxation; creating new provisions; and amending ORS 317.070.

Be It Enacted by the People of the State of Oregon:

SECTION 1. ORS 317.070 is amended to read:

317.070. Every centrally assessed corporation, the property of which is assessed by the Department of Revenue under ORS 308.505 to 308.665, and every mercantile, manufacturing and business corporation doing [or authorized to do] business within this state, except as provided in ORS 317.080 and 317.090, shall annually pay to this state, for the privilege of carrying on or doing business by it within this state, an excise tax according to or measured by its Oregon taxable income, to be computed in the manner provided by this chapter, at the rates provided in ORS 317.061.

SECTION 2. The amendments to ORS 317.070 by section 1 of this 1999 Act apply to tax years beginning on or after January 1, 1999.

Approved by the Governor April 20, 1999

Filed in the office of Secretary of State April 20, 1999

Effective date October 23, 1999

__________