Oregon repeals related party addback, retroactively expands safe harbor

myStateTaxOffice
Oregon has repealed its addback of intangible expenses and costs paid to related members, effective for tax years beginning on or after January 1, 2013. In addition, the legislation retroactively expands the safe harbor for a related member that is a foreign corporation not connected with a US trade or business. Taxpayers that added back expenses should consider refund claims to the extent they qualify under the retroactive application of the safe harbor exception. [H.B. 3069, enacted 6/24/13]


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