For purposes of ORS 317.314, “net income” is income subject to taxation after allowable deductions and exemptions have been subtracted from gross or total income. This rule shall apply to all taxable years which are open to examination.

Statutory/Other Authority

ORS 305.100

Statutes/Other Implemented

ORS 317.314

History

Renumbered from 150-317.314, REV 68-2016, f. 8-15-16, cert. ef. 9-1-16
REV 2-2014, f. & cert. ef. 7-31-14
RD 11-1988, f. 12-19-88, cert. ef. 12-31-88
RD 12-1984, f. 12-5-84, cert. ef. 12-31-84