This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form 150-101-367 Schedule OR-PTE-NR for the current year.
This document contains official instructions for Form 150-101-367 Schedule OR-PTE-NR, Tax Rate Schedule for Oregon Nonresidents - a form released and collected by the Oregon Department of Revenue. An up-to-date fillable Form 150-101-367 Schedule OR-PTE-NR is available for download through this link.
Q: What is Form 150-101-367?
A: Form 150-101-367 is the Schedule OR-PTE-NR Qualified Business Income Reduced Tax Rate Schedule for Oregon Nonresidents.
Q: Who should file Form 150-101-367?
A: Form 150-101-367 should be filed by Oregon nonresidents who have qualified business income.
Q: What is the purpose of Form 150-101-367?
A: The purpose of Form 150-101-367 is to calculate the reduced tax rate on qualified business income for Oregon nonresidents.
Q: What is qualified business income?
A: Qualified business income refers to income from pass-through entities like partnerships, S corporations, and limited liability companies.
Q: What is the reduced tax rate for qualified business income for Oregon nonresidents?
A: The reduced tax rate for qualified business income for Oregon nonresidents is 7.5%.
Q: Are there any requirements to qualify for the reduced tax rate?
A: Yes, to qualify for the reduced tax rate, the taxpayer must meet certain ownership and participation requirements in the pass-through entity.
Instruction Details:
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