Chinook Investment Co. v. Department of Revenue

CARL N. BYERS, Judge.

This case concerns the application of Oregon’s Uniform Division of Income for Tax Purposes Act to plaintiffs corporate excise and Multnomah County business income tax for the years 1979,1980 and 1981. The case has been submitted to the court on briefs, resting on the following stipulated facts:

“The Chinook Investment Company is an Oregon corporation engaged in the investment business which has both real estate and securities in its holdings.

“Until 1975 it owned no real property outside of Oregon. In 1975 it acquired an improved property in Pasco, Washington which had an…