Oregon taxable estate definition

Oregon taxable estate means the federal taxable estate with the adjustments provided by ORS
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Oregon taxable estate means the federal taxable estate with the adjustments pro-
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Examples of Oregon taxable estate in a sentence

  • And no one disputes that inclusion of those assets in Evans’s federal taxable estate has the statutory effect of including them under her Oregon taxable estate by operation of ORS 118.005(7), which defines a decedent’s Oregon taxable estate as generally coterminous with a decedent’s federal taxable estate.

  • Another factor is that the tax base for the OTax is the entire Oregon taxable estate (i.e., the federal taxable estate less $60,000), rather than just the excess over $850,000.The 2005 OTax marginal rate will be 39 percent for wealth between $950,000 and $1 million, and a whopping 41 percent for wealth between $1 million and $1,038,000.

  • Discussion Plaintiff argues that the Due Process Clause of the United States Constitution prohibits Oregon from including in Helene’s Oregon taxable estate the property in Donald’s trust merely because Helene, an Oregon resident, enjoyed the right to all the income from the property during her life, along with limited rights to receive distributions of trust principal.

  • The rational-relationship standard does not prohibit Oregon from including the value of trust assets in Evans’s Oregon taxable estate.

  • As can be seen from the above schedule, when the Oregon taxable estate for OTax purposes is below $1,038,000 the administration expenses should probably be deducted on Form 41.

  • It will also be aimed at any attorney who is now planning nontaxable estates and would like to make the leap into taxable estates, or more experienced attorneys who would like a refresher on the subject of Oregon taxable estate planning.

  • Upon her death, attorneys advised the acting the executor of the Estate of Helene Evans that Helene’s Estate had no filing requirement in Oregon because the assets in Donald’s Trust were not subject to Oregon Estate Transfer Tax and Helene’s Oregon taxable estate was less than $1,000,000.

  • Because the trust was included in Evans’s taxable estate under federal law, respondent (the Oregon Department of Revenue, or simply the state) determined that the value of the trust was included in her taxable estate for the purposes of calculating estate tax liability under Oregon law as well—consistently with ORS 118.005(7), which defines a decedent’s Oregon taxable estate as generally coterminous with a decedent’s federal taxable estate.

  • Yes□ No □If the answer is NO and you currently hold Professional Indemnity Insurance please complete the following: Name of Insurer: ……………………………………………..…………….

Related to Oregon taxable estate

  • Distribution Taxes means any Taxes incurred as a result of the failure of the Intended Tax-Free Treatment of the Internal Restructuring, the Controlled Transfer or the Distribution.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • non-taxable territory means the territory which is outside the taxable territory;

  • Transaction Taxes has the meaning set forth in Section 2.6.

  • non-taxable supply means a supply of goods or services or both which is not leviable to tax under this Act or under the Integrated Goods and Services Tax Act;

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in the taxable territory where he has no fixed place of business;

  • Taxable REIT Subsidiary means a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Tax Group means any federal, state, local or foreign consolidated, affiliated, combined, unitary or other similar group of which the Acquiror Company is now or was formerly a member.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Prohibited Transaction Tax Any tax imposed under Section 860F of the Code. Prospectus: The prospectus dated February 21, 2006 as supplemented by the prospectus supplement dated February 23, 2006, relating to the Class A, Class B-1, Class B-2 and Class B-3 Certificates.

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • Taxable means either:

  • Transaction Tax Deductions means any Tax deductions relating to (i) the Company Transaction Expenses, and (ii) repayment of the Indebtedness, including any unamortized deferred financing fees in connection with the Indebtedness.

  • taxable service means any service provided or to be provided –

  • Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof.

  • Separate Return means (a) in the case of any Tax Return of any member of the SpinCo Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the Parent Group and (b) in the case of any Tax Return of any member of the Parent Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the SpinCo Group.

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Taxable Event means any change in control or other event which triggers the imposition of any Excise Tax on any Payment.

  • State premium tax liability means any liability

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Taxable value shall have the meaning assigned to such term in Section 1.04(10) of the TEXAS TAX CODE.

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.