Or. Rev. Stat. § 314.775 (2026)

      314.775 Definitions for ORS 314.775 to 314.784. As used in ORS 314.775 to 314.784:

      (1) “Distributive income” means the net amount of income, gain, deduction or loss of a pass-through entity for the tax year of the entity.

      (2) “Lower-tier pass-through entity” means a pass-through entity, an ownership interest of which is held by another pass-through entity.

      (3) “Nonresident” means:

      (a) An individual who is not a resident of this state;

      (b) A corporation, partnership or other business entity that has a commercial domicile, as defined in ORS 314.610, that is outside this state; or

      (c) A trust that is not a resident trust or qualified funeral trust under ORS 316.282.

      (4) “Owner” means a person that owns an interest in a pass-through entity.

      (5) “Pass-through entity” means any entity that is recognized as a separate entity for federal income tax purposes, for which the owners are required to report income, gains, losses, deductions or credits from the entity for federal income tax purposes. “Pass-through entity” does not include any trust except a form of trust that the Department of Revenue has determined by rule to have been established or maintained primarily for tax avoidance purposes.

      (6) “Upper-tier pass-through entity” means a pass-through entity that owns an interest in another pass-through entity. [2005 c.387 §1; 2009 c.33 §17]