OAR 150-314-0339
Proration of Deductions
# (1)
(1) This rule adopts a model regulation recommended by the Multistate Tax Commission to promote uniform treatment of this item by the states.
# (2)
(2) Proration of deductions. In most cases an allowable deduction of a taxpayer will be applicable only to the apportionable income arising from a particular trade or business or to a particular item of nonapportionable income. In some cases an allowable deduction may be applicable to the apportionable incomes of more than one trade or business or to several items of nonapportionable income. In such cases the deduction must be prorated among such trades or businesses and such items of nonapportionable income in a manner that fairly distributes the deduction among the classes of income to which it is applicable.
# (3)
(3) Year to year consistency. In filing returns with this state, if the taxpayer departs from or modifies the manner of prorating any such deduction used in returns for prior years, the taxpayer must disclose in the return for the current year the nature and extent of the modification.
# (4)
(4) State to state consistency. If the returns or reports filed by a taxpayer with all states to which the taxpayer reports under the Multistate Tax Compact or the Uniform Division of Income for Tax Purposes Act are not uniform in the application or proration of any deduction, the taxpayer must disclose in its return to this state the nature and extent of the variance.
Amendment history
REV 68-2017, amend filed 12/22/2017, effective 01/01/2018
Source: view the official text
In this chapter (40 sections)
- 150-314-0267 · Requirement to Provide Copies of Documents
- 150-314-0275 · Definition: Collection Charge
- 150-314-0277 · Payment Secured by Bond, Deposit or Otherwise
- 150-314-0279 · Statute of Limitation on Tax Collection
- 150-314-0285 · Assessment of Withholding Tax Against Liable Officers
- 150-314-0290 · Estimated Tax: When Estimates Are Required; Refunds…
- 150-314-0292 · Estimated Tax: When Estimates Are Required For Tax…
- 150-314-0294 · Estimated Tax: Affiliated Corporations
- 150-314-0300 · Estimated Tax: Due Dates of Payments for Short-Period…
- 150-314-0302 · Estimated Tax: Application of Payments
- 150-314-0310 · Requirement to Use Electronic Funds Transfer
- 150-314-0315 · Corporation Estimated Tax: Delinquent or Underestimated…
- 150-314-0317 · Estimated Tax: Consolidated Return Underpayments
- 150-314-0319 · Estimated Tax: Apportioned Returns
- 150-314-0321 · Estimated Tax: Application of Net Loss, Annualized…
- 150-314-0323 · Estimated Tax: Interest on Underpayment
- 150-314-0325 · Estimated Tax: Computation of Underpayment
- 150-314-0327 · Underpayment of Estimated Tax; First and Second…
- 150-314-0335 · Apportionable and Nonapportionable Income Defined
- 150-314-0337 · Apportionable and Nonapportionable Income; Application…
- 150-314-0339 · Proration of Deductions
- 150-314-0345 · Apportionment and Allocation of Income Generally
- 150-314-0347 · Application of ORS 314.610 to 314.667: Allocation
- 150-314-0349 · Apportionment and Allocation for a Taxpayer Carrying on…
- 150-314-0351 · Two or More Businesses of a Single Taxpayer
- 150-314-0353 · Apportionment for Long-Term Construction Contracts
- 150-314-0355 · Special Rules: Installment Sales
- 150-314-0357 · Modified Factors for Motion Picture and Television Film…
- 150-314-0365 · Taxable in Another State; In General
- 150-314-0367 · Taxable in Another State; When a Taxpayer is “Subject…
- 150-314-0369 · Taxable in Another State; When a State has Jurisdiction…
- 150-314-0371 · Taxable in Another State; Washington Business and…
- 150-314-0380 · Allocation of Interest and Dividends
- 150-314-0385 · Apportionment Formula
- 150-314-0390 · Property Factor; In General
- 150-314-0392 · Property Factor; Property Used for the Production of…
- 150-314-0394 · Property Factor; Consistency in Reporting
- 150-314-0396 · Property Factor; Numerator
- 150-314-0398 · Property Factor; Valuation of Owned Property
- 150-314-0400 · Property Factor; Valuation of Rented Property