Section 316.277 - Associations taxable as corporations exempt from chapter.

OR Rev Stat § 316.277 (2019) (N/A)
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(2) An association, trust or other unincorporated organization that is not taxable as a corporation for federal income tax purposes but by reason of its purposes or activities is exempt from federal income tax except with respect to its unrelated business taxable income, is taxable under this chapter on such federally taxable income. [1969 c.493 §41; 1973 c.402 §21]