Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 316 - PERSONAL INCOME TAX GENERAL PROVISIONS
Section 150-316-0475 - Estimated Tax: Farmer's and Fisher's
Universal Citation: OR Admin Rules 150-316-0475
Current through Register Vol. 63, No. 9, September 1, 2024
For the purpose of declaring estimated tax, gross income is determined using sources within and without this state.
Example: John is a resident of the state of Washington and owns a farm which is located in Oregon. All of his other income is from nonfarm sources within the state of Washington. The total farm income from Oregon sources is $50,000. The total gross income from within and without Oregon is $90,000. Since the gross income from farming is not equal to or greater than two-thirds of John's total gross income, the exception for farmers and fishers to making estimated tax payments is not met.
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 316.573
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