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.
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