An exclusion from taxable commercial activity shall be allowed for subcontracting payments for labor costs that are made by a general contractor, as defined in ORS 701.005, to a subcontractor, as defined in ORS 701.410, pursuant to a contract for residential real estate construction. The exclusion under this section:\n(1) Shall be allowed only for single-family residential construction located in Oregon;\n(2) Is not allowed for payment for materials, land or permits;\n(3) Is not allowed for payments between subcontractors; and\n(4) Shall be 15 percent of payments for labor by the general contractor. [2019 c.579 §58]\nNote:\nSection 59, chapter 579, Oregon Laws 2019, provides:\nSec. 59.\nSection 58 of this 2019 Act [317A.122] applies to tax years beginning on or after January 1, 2020, and before January 1, 2026. [2019 c.579 §59]
Oregon Legal Code