Bechtold v. Department of Revenue

This suit was brought in the Oregon Tax Court seeking to reverse a holding by the Department of Revenue which denied plaintiffs’ claim for a refund of their 1971 Oregon income tax. In the tax court the plaintiffs contended that ORS 316.072(2) allowed them to carry forward net losses on state taxable income reported in 1969 and 1970. The losses were attributable to deductions for federal income taxes paid for years prior to January 1, 1969. The tax court, in *764reversing the ruling of the Department of Revenue, held that while plaintiffs were not entitled to a refund of their 1971 tax payments,…