{"data":{"id":"us-or/ors-314.775","jurisdiction":"us-or","citation":"ORS 314.775","heading":"Definitions for ORS 314.775 to 314.784.","body":"As used in ORS 314.775 to 314.784:\n      (1) “Distributive income” means the net amount of income, gain, deduction or loss of a pass-through entity for the tax year of the entity.\n      (2) “Lower-tier pass-through entity” means a pass-through entity, an ownership interest of which is held by another pass-through entity.\n      (3) “Nonresident” means:\n      (a) An individual who is not a resident of this state;\n      (b) A corporation, partnership or other business entity that has a commercial domicile, as defined in ORS 314.610, that is outside this state; or\n      (c) A trust that is not a resident trust or qualified funeral trust under ORS 316.282.\n      (4) “Owner” means a person that owns an interest in a pass-through entity.\n      (5) “Pass-through entity” means any entity that is recognized as a separate entity for federal income tax purposes, for which the owners are required to report income, gains, losses, deductions or credits from the entity for federal income tax purposes. “Pass-through entity” does not include any trust except a form of trust that the Department of Revenue has determined by rule to have been established or maintained primarily for tax avoidance purposes.\n      (6) “Upper-tier pass-through entity” means a pass-through entity that owns an interest in another pass-through entity.","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":"7579a1ad7f5163fc1a58fd38040e0b27e6128b3a131d908143351d4344d05456","source_id":"us-or","stale":false,"prev":"us-or/ors-314.772","next":"us-or/ors-314.778"},"notice":"GroundRules: Original legal text. Not legal advice."}