[Revenews] C-Corporation's - "Oregon sales (for purposes of computing the minimum tax)"

[FARR David]

		       Hello Tax Professionals, 

			See the expanded definition of  "Oregon sales
(for purposes of computing the minimum tax)" in the last two bulleted
items under "Nonapportioned returns". 
			 
			           Nonapportioned returns
			          C corporations doing business only
within Oregon will calculate Oregon sales by adding: 

				*	Gross receipts from sales of
inventory (less returns and allowances), equipment, and other assets; 
				*	Gross rent and lease payments
received; 
				*	Gross receipts from the
performance of services; 
				*	Gross receipts from the sale,
exchange, redemption, or holding of intangible assets derived from the
taxpayer's primary business activity and included in the taxpayer's
business income; and 
				*	Net gain from the sale,
exchange, or redemption of intangible assets not derived from the
taxpayer's primary business activity but included in the taxpayer's
business income.   

			This has also been updated in our form
instructions and on our web-site. 

			Please don't hesitate to ask if you have any
questions, 

			David Farr 
			Corporation Forms & Systems Analyst 
			Oregon Department of Revenue 
			503-945-8040 
			david.farr at state.or.us
<mailto:david.farr at state.or.us>  



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