News & Events

News & Events

2.13.2001

Significant Oregon Tax Cases, 1999 – 2001

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In two important cases decided in 2000, the courts concluded that under pre-1995 law, the sales factor includes gross receipts from “treasury function” transactions, i.e., gross receipts that are generated from investing working capital in securities. If the treasury function and working capital management are performed outside of Oregon, the “treasury function” gross receipts will be added to the sales factor denominator, but not the sales factor numerator, thereby significantly reducing a taxpayer’s Oregon apportionment percentage. View full article (PDF).