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2• Corporation Excise Tax Return, Form 20.
Did you first place assets into service outside Oregon before
January 1, 1981? If so, your Oregon basis will be the same as
• Corporation Income Tax Return, Form 20-I.
your federal basis.
• S Corporation Tax Return, Form 20-S.
• Insurance Excise Tax Return, Form 20-INS.
For assets placed into service outside Oregon before 1985,
• Fiduciary Income Tax Return, Form 41.
the useful life is based on Oregon law in effect at the time the
asset was originally placed into service and is determined
Assets placed into service on or after
when the asset is brought into Oregon. For assets placed in
January 1, 1981 and before January 1, 1985
service outside Oregon after 1984, the useful life is deter-
mined when the asset is placed into service for Oregon tax
Oregon depreciation did not match federal depreciation for
purposes.
assets placed into service on or after January 1, 1981 and
before January 1, 1985. If you are still depreciating assets
Example 1. Jeff has owned a business in Caldwell, Idaho
placed into service during this period, please contact the
since 1995 when he placed into service a building purchased
department to determine your correct reporting.
for $250,000. The building qualified for MACRS depreciation
as 20-year real property. On June 1, 2008, Jeff bought a light
Assets placed into service on or after
truck for $35,000. The truck qualified as five-year property
January 1, 1985 and before January 1, 1987
depreciated under MACRS. On January 1, 2011, Jeff moved
to Ontario, Oregon. Since Jeff “brought” his business assets
Oregon adopted the federal Accelerated Cost Recovery
into Oregon, he had to figure his Oregon basis in order to
System (ACRS) method of depreciation for assets placed
depreciate the assets for Oregon.
into service during these two years. There is no depreciation
Building
Truck
difference for these assets.
Cost (federal unadjusted basis)
$250,000
$35,000
Assets placed into service on or after
Fair market value (as of 1/1/11)
$495,000 $22,000
January 1, 1987
The Oregon basis of the building is $250,000.
MACRS is effective for assets placed into service on or after
The Oregon basis of the truck is $22,000. Oregon adopted
January 1, 1987, (see exception below for assets placed into
MACRS for assets first placed into service after December 31,
service during 2009 and 2010). The method and life will
1986, so Jeff used MACRS for Oregon purposes as well. He
be the same as you used on the federal return. If you elect
began depreciating the building based on its original recovery
to expense the cost of qualifying assets under IRC Section
period of 20 years and he began depreciating the truck based
179, the election and amount is also effective for Oregon
on its original recovery period of five years.
purposes.
Assets subject to apportionment
Credits that reduce only your federal basis will cause a dif-
ference in depreciation for Oregon. This will be the only
The basis of an asset subject to apportionment rules when
cause for a difference in depreciation for corporations.
brought into Oregon is figured as if it had always been sub-
ject to Oregon tax. The original unadjusted basis is reduced
Exception: Assets placed into service on or after
by depreciation allowable in previous years, using a method
January 1, 2009 and before January 1, 2011
acceptable to Oregon for the year the asset is placed into ser-
vice. This adjusted basis is depreciated over the remaining
Oregon did not adopt changes made to IRC Section 168(k)
useful life using the same allowable method.
(bonus depreciation) or to any expensing limits under IRC
Example 2. A California partnership started operation
Section 179 for this period.
by purchasing a Los Angeles building on July 1, 1998 for
For more information on computing your Oregon deprecia-
$950,000. For federal purposes, the partnership depreci-
tion amount, please visit
ated the building under MACRS as 20-year property. The
partnership began doing business in Oregon on July 1, 2000.
Assets first placed into service outside Oregon
Since the partnership is subject to the apportionment rules,
the basis of the building for Oregon is as if the building was
Did you bring an asset into Oregon after it was first placed
depreciated for Oregon using MACRS 20-year (straight-line
into service outside Oregon? If so, use a depreciation method
method) from the date of purchase.
available for the year the asset was first placed into service
outside Oregon.
Cost ............................................................................$950,000
1998 depreciation .....................................(23,750)
The Oregon basis for depreciation is generally the lower
1999 depreciation ..................................... (47,500)
of the federal unadjusted basis or the fair market value.
2000 depreciation through June 30........(23,750)
(95,000)
The federal unadjusted basis is the original cost before any
Oregon basis as of July 1, 2000 ...............................$855,000
adjustments. Adjustments include: reductions for investment
tax credits, depletion, amortization, or amounts expensed
For Oregon purposes, the building is depreciated using an
under IRC Section 179. The fair market value is figured when
Oregon basis of $855,000 and is depreciated over the remain-
the asset is brought into Oregon.
ing useful life (18 years) using the same allowable method.
150-101-025 (Rev. 12-11)
Dep Sch, page 2 of 2
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