Oregon Supreme Court issues important decision on sales factor sourcing
Multistate tax alert | April 9, 2015
This tax alert summarizes the ‘Powerex Corporation v. Department of Revenue’ decision and outlines various considerations for taxpayers.
Oregon Supreme Court guidance
In Powerex Corporation v. Department of Revenue, the Oregon Supreme Court provided guidance on two important issues related to Oregon state corporate excise tax apportionment by holding that:
- Electricity is tangible personal property; and
- Sales of tangible personal property shipped via pipeline (e.g., natural gas) shall be sourced to the location of the purchaser rather than to a contractually–defined point of delivery.1
This tax alert summarizes the Powerex decision and outlines various considerations for taxpayers.
1 Powerex Corporation v. Dept. of Rev., 357 Or. 40 (Mar. 26, 2015).
Multistate Tax alert archive
The Multistate Tax Alert Archive includes external tax alerts issued by Deloitte Tax LLP's Multistate Tax practice during the last three years. These external alerts highlight selected developments involving state tax legislative, judicial, and administrative matters. The alerts provide a brief summary of specific multistate developments relevant to taxpayers, tax professionals, and other interested persons.