Distributive income definition
Distributive income means the net amount of income, gain, deduction or loss of a pass-through entity for the tax year of the entity.
Distributive income means the net amount of income, gain, deduction or loss of a
Distributive income means the income of an electing entity from Oregon sources that will be distributed to members and used to calculate the PTE-E tax.¶
More Definitions of Distributive income
Distributive income means income of a company after payment of all expenses, including employee salaries and bonuses and retained earnings, which is distributed to those entitled to receive a share of that income. In the case of a for-profit corporation, distributive income means "dividends". When calculating entitlement to distributive income, the entitlement shall be determined at the end of the company's most recent fiscal year.