{"data":{"id":"us-or/ors-314.307","jurisdiction":"us-or","citation":"ORS 314.307","heading":"Definitions; reportable transactions.","body":"As used in this section and ORS 314.308, 314.403 and 314.404:\n      (1) “Listed transaction” means any of the following transactions:\n      (a) A listed transaction under section 6707A of the Internal Revenue Code.\n      (b) A transaction without economic substance in which an Oregon taxable corporation:\n      (A) Transfers income-producing assets to a real estate investment trust owned directly or indirectly by the corporation; and\n      (B) With respect to dividends paid from the real estate investment trust, claims a dividend-received deduction and the real estate investment trust claims a dividend-paid deduction.\n      (c) A transaction without economic substance in which an Oregon taxable corporation:\n      (A) Transfers income-producing assets to a regulated investment company owned directly or indirectly by the corporation; and\n      (B) With respect to dividends paid from the regulated investment company, claims a dividend-received deduction and the regulated investment company claims a dividend-paid deduction.\n      (2) “Oregon taxable corporation” means a corporation:\n      (a) That does business in Oregon, is organized in Oregon or has income from Oregon sources; or\n      (b) That is owned by an Oregon income or corporate excise taxpayer.\n      (3) “Reportable transaction” means a transaction:\n      (a) That is a reportable transaction under section 6707A of the Internal Revenue Code; or\n      (b) That is a listed transaction.\n      (4) “Transaction without economic substance” means a transaction for which the taxpayer cannot demonstrate a business purpose other than tax savings.","path":["08 - Revenue and Taxation","29. Revenue and Taxation","Chapter 314 — Taxes Imposed Upon or Measured by Net Income"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors314.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:13Z","sha256":"b73163bf12695702b0c5608d3c78975a432f06d74bf6690836c10a2d78d5ba78","source_id":"us-or","stale":false,"prev":"us-or/ors-314.306","next":"us-or/ors-314.308"},"notice":"GroundRules: Original legal text. Not legal advice."}