OAR 150-317-0660
Computation of Taxable Income; Excess Loss Accounts
An Oregon subtraction is allowed for the amount of excess loss account included in federal taxable income under the provisions of Treasury Regulation subsection 1.1502-19 if:
# (1)
(1) The losses did not offset unitary income in the year incurred; or
# (2)
(2) The excess losses were attributable to losses incurred in tax years beginning prior to January 1, 1986.
[ED. NOTE: To view attachments referenced in rule text, click here for PDF copy.]
Amendment history
REV 83-2017, minor correction filed 12/28/2017, effective 12/28/2017
Source: view the official text
In this chapter (40 sections)
- 150-317-0470 · Pre-change and Built-in Losses
- 150-317-0480 · Definition of “Premiums” in the Insurance Sales Factor
- 150-317-0490 · Insurers; Wage and Commission Factor
- 150-317-0500 · Applicable Date
- 150-317-0510 · Unitary Business
- 150-317-0520 · Direct or Indirect Relationships
- 150-317-0530 · Corporations Doing Business Outside the United States
- 150-317-0540 · Consolidated Oregon Return: Format and Information…
- 150-317-0550 · Consolidated Oregon Return: Affiliated Group
- 150-317-0560 · Consolidated Oregon Return: Credits
- 150-317-0570 · Different Apportionment Factors for Purposes of ORS…
- 150-317-0580 · Consolidated Oregon Return: Copy of Federal Return…
- 150-317-0590 · Interinsurance and Reciprocal Exchanges
- 150-317-0600 · Limitations on Deduction of Group Losses
- 150-317-0610 · Modified Federal Consolidated Taxable Income
- 150-317-0620 · Modified Federal Consolidated Taxable Income —…
- 150-317-0630 · Oregon Return: Apportionment Formula
- 150-317-0640 · Member of a Unitary Group Incorporated in a Listed…
- 150-317-0651 · Repatriation Tax Credit
- 150-317-0652 · Modification for Listed Jurisdiction Amounts Previously…
- 150-317-0660 · Computation of Taxable Income; Excess Loss Accounts
- 150-317-0670 · Application for Relief
- 150-317-0680 · Tax Imposed on Unrelated Business Income of Certain…
- 150-317-1000 · Definition of Commercial Activity
- 150-317-1010 · Substantial Nexus Guidelines for the Corporate Activity…
- 150-317-1015 · Short Tax Period Return Requirements
- 150-317-1020 · Corporate Activity Tax Unitary Business Factors, Common…
- 150-317-1022 · Unitary Group Tax Year
- 150-317-1023 · Unitary Group Designated Reporting Entity
- 150-317-1025 · Corporate Activity Tax: Election to Exclude Non-U.S.…
- 150-317-1030 · Sourcing Commercial Activity to Oregon from Sales of…
- 150-317-1040 · Sourcing Commercial Activity to Oregon of Other than…
- 150-317-1050 · Sourcing of Commercial Activity for Financial…
- 150-317-1060 · Definition of Insurers’ Gross Premiums Receipts
- 150-317-1070 · Sourcing of Motor Carrier Transportation Services
- 150-317-1080 · Sourcing of Rail Carrier Transportation Services
- 150-317-1090 · Sourcing of Sea Transportation Services
- 150-317-1095 · Sourcing of River Transportation Services
- 150-317-1100 · Agent Exclusion
- 150-317-1120 · Exclusion for subcontracting payments