Form OR-DRD Instructions 
                                                                                                                              2023
                              Oregon Dividends-Received Deduction

                    This publication is a guide, not a complete statement, of Oregon Revised Statutes (ORS) and 
Oregon Administrative Rules (OAR). For more information, refer to the laws and rules at  www.oregon.gov/dor.

                                                              have been subject to intercompany elimination had the 
Purpose of Form OR-DRD                                        insurer been included in the Oregon consolidated return 
                                                              and not been required to file a separate Oregon tax return 
Form OR-DRD is for determining your dividends-received 
                                                              pursuant to ORS 317.710(5) and (7).
deduction for Oregon. It’s similar but not identical to fed-
eral Form 1120, Schedule C. Refer to the instructions for the Line 11a. Enter dividends from FSCs that are attributable 
federal form for more information about classification or     to foreign trade income and that are eligible for the 100 per-
definitions of dividends.                                     cent deduction provided in IRC 245(c)(1)(A).
Important:    Deductions are allowed only for dividends         Line 18 total. Add all “b” line numbers and enter the total 
included in federal taxable income before Oregon modifi-      on Schedule OR-ASC-CORP using subtraction code #370.
cations (ORS 317.267).
                                                              You must include Form OR-DRD with your Oregon corpo-
Enter only amounts that are included in federal and Ore-      ration tax return to receive the subtraction.
gon income. 
                                                              Do you have  questions or need help?
                                                                www.oregon.gov/dor
Instructions
                                                              503-378-4988 or 800-356-4222
Instructions are provided for lines not fully explained on    questions.dor @ dor.oregon.gov
the form or on federal Form 1120, Schedule C.                 Contact us for ADA accommodations or assistance in other 
Line 10. A dividends-received deduction of 100 percent is     languages.
allowed for any dividend paid by an insurer that would 

150-102-038-1 (Rev. 10-06-23)                 Page 1 of 1                                        2023 Form OR-DRD Instructions