Ray v. Department of Revenue

Carlisle B. Roberts, Judge.

Plaintiffs appealed from the defendant’s Order No. 1-74-46, dated November 6, 1974, relating to their Oregon personal income tax for 1972. The order computed the plaintiffs’ gain on the sale of capital stock, for Oregon personal income tax purposes, on the cost basis used for federal income taxation. The plaintiffs allege alternatively that the basis of the stock should be its fair market value on September 1,1971, the date when plaintiffs became Oregon residents, or the fair market value of .the stock on August 1, 1969, the date used to determine gain under the…