justicedao/ipfs_state_laws huggingface dataset:
ORS Chapter 315 — Personal and Corporate

ORS 315.360. [Amended by 1953 c.132 3; repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.365. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.455. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.460. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.469. Biodiesel used in home heating. (1) A resident individual shall be allowed a tax credit against the taxes otherwise due under ORS chapter 316 for costs paid or incurred to purchase fuel for primary home space heating that is at least 20 percent biodiesel. The credit allowed under this section is the lesser of five cents per gallon or $200. (2) The credit allowed in any one tax year may not exceed the tax liability of the taxpayer and may not be carried forward to a subsequent tax year. (3) For each tax year for which a credit is claimed under this section, the taxpayer shall maintain records sufficient to determine the taxpayers purchase of qualifying fuel for primary home space heating. A taxpayer shall maintain the records required under this subsection for at least five years. (4) A nonresident shall be allowed the credit under this section in the proportion provided in ORS 316.117. (5) If a change in the taxable year of a taxpayer occurs as described in ORS 314.085, or if the Department of Revenue terminates the taxpayers taxable year under ORS 314.440, the credit allowed by this section shall be prorated or computed in a manner consistent with ORS 314.085. (6) If a change in the status of a taxpayer from resident to nonresident or from nonresident to resident occurs, the credit allowed by this section shall be determined in a manner consistent with ORS 316.117. (7) Spouses in a marriage who file separate returns for a taxable year may each claim a share of the tax credit that would have been allowed on a joint return in proportion to the contribution of each. [2007 c.739 28; 2015 c.629 37] Note: See note under
ORS Chapter 315 — Personal and Corporate

ORS 315.504. [1993 c.730 38 (enacted in lieu of 316.104 and 317.140); repealed by 2005 c.80 7]
ORS Chapter 315 — Personal and Corporate

ORS 315.505. [Repealed by 1965 c.26 6] ECONOMIC DEVELOPMENT
ORS Chapter 315 — Personal and Corporate

ORS 315.508. Recordkeeping requirements; disallowance of credit. (1) A taxpayer who has claimed a credit under ORS 315.507 shall maintain records sufficient to show: (a) That within three years following the year in which a credit was claimed under ORS 315.507, property owned or operated by the taxpayer and used in electronic commerce operations was exempt from property taxation under ORS 285C.175; and (b) That at no time was property described in paragraph (a) of this subsection disqualified from exemption pursuant to ORS 285C.240. (2) The taxpayer shall provide these records to the Department of Revenue if requested by the department. (3) The taxpayer shall maintain the records described in this section for at least five years following the last tax year for which the taxpayer claims any credit under ORS 315.507. (4) If property owned or operated by the taxpayer is not both used in electronic commerce operations in an area designated for electronic commerce and exempt from property taxation under ORS 285C.175 within three years following the year in which a credit is first claimed under ORS 315.507, the department shall disallow the credit for the current or any prior tax year and collect any taxes that were not paid as a result of application of the credit. (5) If property owned or operated by the taxpayer, used in electronic commerce operations in an area designated for electronic commerce and exempt from property taxation under ORS 285C.175 is disqualified from exemption under ORS 285C.240, the department shall disallow the credit for the current or any prior tax year and collect any taxes that were not paid as a result of application of the credit. (6) For purposes of collecting taxes due under subsection (4) or (5) of this section, the department shall have the benefit of all laws of this state pertaining to the collection of income and corporate excise taxes. No assessment of these taxes shall be necessary and no statute of limitations shall preclude the collection of these taxes. [2003 c.65 2 and 2003 c.662 65]
ORS Chapter 315 — Personal and Corporate

ORS 315.510. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.515. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.516. Funding in lieu of tax credit certification. (1) In lieu of the issuance of certifications for tax credit under ORS 315.514 by the Oregon Film and Video Office, the Legislative Assembly may, no later than 30 days prior to the end of each fiscal year, appropriate to the Oregon Business Development Department for deposit into the Oregon Production Investment Fund an amount equal to the total amount that would otherwise be certified for tax credits during the current or upcoming fiscal year, based on the amount of contributions and accompanying applications for credit received by the office during the fiscal year and reduced by the amount, if any, previously certified for the credit for the corresponding fiscal year. (2) If the Legislative Assembly makes the election allowed in subsection (1) of this section: (a) No additional amount of credits may be certified for the corresponding fiscal year; and (b) Any contributions to the Oregon Production Investment Fund made for the upcoming fiscal year and for which an application for a credit under ORS
ORS Chapter 315 — Personal and Corporate

ORS 315.517. Water transit vessels. (1) As used in this section, water transit vessel means a United States Coast Guard licensed and inspected vessel that is primarily designed to carry 50 or more passengers and vehicles or 50 or more passengers only for a published fee across a body of water between two or more fixed points on a regular schedule. (2)(a) A credit against the taxes that are otherwise due under ORS chapter 316 or, if the taxpayer is a corporation, under ORS chapter 317 or 318, is allowed to a resident employer based upon wages actually paid by the taxpayer to a person employed in this state to assist in the manufacture of a water transit vessel. (b) The credit allowed under this section: (A) Must be claimed for the year in which the wages were paid; (B) May not be claimed for wages paid to an employee who was employed by the employer during the previous tax year; and (C) Must be for wages paid as a result of an increase in the number of full-time equivalent employees employed by the eligible taxpayer when compared to the previous tax year. (3) The amount of the credit provided under this section shall be equal to the lesser of: (a) $5,000; or (b) 15 percent of the wages paid to employees during the tax year for which the credit is claimed. (4) The tax credit available under this section may not exceed the tax liability of the taxpayer for the tax year. (5)(a) Wages taken into account for the purposes of subsection (3) of this section may not include any amount paid by the employer to an employee for whom the employer receives federal funds for on-the-job training. (b) A tax credit under this section is not in lieu of any deduction for payroll costs or any other expense to which the taxpayer may be entitled. (6)(a) A nonresident individual shall be allowed the credit computed in the same manner and subject to the same limitations as the credit allowed a resident by this section. However, the credit shall be prorated using the proportion provided in ORS 316.117. (b) If a change in the taxable year of the taxpayer occurs as described in ORS 314.085, or if the Department of Revenue terminates the taxpayers taxable year under ORS 314.440, the credit allowed by this section shall be prorated or computed in a manner consistent with ORS 314.085. (c) If a change in the status of a taxpayer from resident to nonresident or from nonresident to resident occurs, the credit allowed by this section shall be determined in a manner consistent with ORS 316.117. [2005 c.677 1] Note: Section 2, chapter 677, Oregon Laws 2005, provides: Sec. 2. ORS 315.517 applies to persons initially hired on or after January 1, 2006, and for which a credit is claimed for tax years beginning on or after January 1, 2006, and before January 1, 2012. [2005 c.677 2; 2009 c.913 4] Note:
ORS Chapter 315 — Personal and Corporate

ORS 315.519. Refundability of tax credit. (1)(a) If the amount allowable as a credit under ORS 315.518, after any reduction applicable under subsection (2) of this section, when added to the sum of the amount of estimated tax paid under ORS 314.515 and any other tax prepayment amounts, exceeds the taxes imposed by ORS chapters 314 and 317 for the tax year after application of any nonrefundable credits allowable for purposes of ORS chapter 317 for the tax year, the amount of the excess determined under this subsection shall be refunded to the taxpayer as provided in ORS 314.415. (b) If the amount allowable as a credit under ORS 315.518, after any reduction applicable under subsection (2) of this section, when added to the sum of the amounts allowable as payment of tax under ORS 316.187 or 316.583, other tax prepayment amounts and other refundable credit amounts, exceeds the taxes imposed by ORS chapters 314 and 316 for the tax year after application of any nonrefundable credits allowable for purposes of ORS chapter 316 for the tax year, the amount of the excess shall be refunded to the taxpayer as provided in ORS 316.502. (2) If the taxpayer employs, in Oregon: (a) Fewer than 150 employees at the close of the tax year, the amount of credit used in the calculation in subsection (1) of this section shall be reduced by 25 percent. (b) At least 150 employees but fewer than 500 employees at the close of the tax year, the amount of credit used in the calculation in subsection (1) of this section shall be reduced by 50 percent. (c) At least 500 employees but fewer than 3,000 employees at the close of the tax year, the amount of credit used in the calculation in subsection (1) of this section shall be reduced by 75 percent. (3) Any amount not available for refund due to subsection (2) of this section may be carried forward as provided in ORS 315.518 (10). (4) This section applies only to taxpayers with fewer than 3,000 employees who are employed in Oregon at the close of the tax year.
ORS Chapter 315 — Personal and Corporate

ORS 315.520. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.521. Note: Section 27, chapter 913, Oregon Laws 2009, provides: Sec. 27. A credit may not be claimed under ORS 315.640 if the initial tax year in which the credit would otherwise be allowed begins on or after January 1, 2030.
ORS Chapter 315 — Personal and Corporate

ORS 315.525. [Repealed by 1965 c.26 6] OREGON LOW INCOME COMMUNITY JOBS INITIATIVE
ORS Chapter 315 — Personal and Corporate

ORS 315.526. and 315.536 were enacted into law by the Legislative Assembly but were not added to or made a part of ORS chapter 315 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
ORS Chapter 315 — Personal and Corporate

ORS 315.529. Definitions. As used in ORS 285C.650, 285C.653, 285C.656 and 315.529 to 315.536: (1) Credit allowance date means, with respect to any qualified equity investment: (a) The date on which the investment is initially made; and (b) Each of the six yearly anniversary dates after that initial date. (2) Long-term debt security means any debt instrument issued by a qualified community development entity, at par value or at a premium, with an original maturity date of at least seven years from the date of its issuance, with no acceleration of repayment, amortization or prepayment features prior to its original maturity date. (3) Purchase price means the amount of cash paid to a qualified community development entity for a qualified equity investment. (4) Qualified active low-income community business has the meaning given that term in section 45D of the Internal Revenue Code. Qualified active low-income community business does not include a business that derives or projects to derive 15 percent or more of its annual revenue from the rental or sale of real estate, unless the business is controlled by, or under common control with, another business that: (a) Does not derive or project to derive 15 percent or more of its annual gross revenues from the rental or sale of real estate; and (b) Is the primary tenant of real estate leased from the controlled business. (5) Qualified community development entity has the meaning given that term in section 45D of the Internal Revenue Code, provided that the entity has entered into, or is controlled by an entity that has entered into, an allocation agreement with the Community Development Financial Institutions Fund of the United States Department of the Treasury with respect to credits authorized by section 45D of the Internal Revenue Code, and the State of Oregon is included within the service area set forth in the allocation agreement. (6) Qualified equity investment means any equity investment in, or long-term debt security issued by, a qualified community development entity, that: (a) Is acquired at its original issuance solely in exchange for cash after July 1, 2012, unless it was a qualified equity investment in the hands of a prior holder; and (b) Has at least 85 percent of its cash purchase price used by the issuer to make qualified low-income community investments in qualified active low-income community businesses located in this state. (7) Qualified low-income community investment means any capital or equity investment in, or loan to, any qualified active low-income community business made after July 1, 2012. [2011 c.732 2] Note: See note under
ORS Chapter 315 — Personal and Corporate

ORS 315.530. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.535. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.536. Transferability of credit. A tax credit allowed under ORS 315.533 may not be sold or transferred, with the exception that tax credits that a partnership, limited liability company, S corporation or other pass-through entity is entitled to claim may be allocated to the partners, members or shareholders of the entity for their direct use in accordance with the provisions of any agreement among the partners, members or shareholders. [2011 c.732 5] Note: See note under
ORS Chapter 315 — Personal and Corporate

ORS 315.540. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.545. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.550. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.555. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.560. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.570. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.575. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.580. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.585. [Repealed by 1965 c.26 6]
ORS Chapter 315 — Personal and Corporate

ORS 315.590. [Repealed by 1965 c.26 6] SHORT LINE RAILROADS
ORS Chapter 315 — Personal and Corporate

ORS 315.591. Definitions. As used in ORS 315.591 to 315.603: (1) Infrastructure includes tracks, switches, sidings, roadbeds, railroad bridges and industrial leads owned or leased by a short line railroad. (2) Short line railroad means a class II or class III railroad as defined in 49 C.F.R. 1201. (3) Short line railroad rehabilitation project means a project that involves the maintenance, reconstruction or replacement of infrastructure. (4) Short line railroad rehabilitation project costs means costs that are directly related to the work necessary to maintain, reconstruct or replace infrastructure.
ORS Chapter 315 — Personal and Corporate

ORS 315.595. Preliminary certification; application; allocation priority; rules. (1) Prior to construction of a short line railroad rehabilitation project, a taxpayer may apply to the Department of Transportation for preliminary certification of the project in the manner prescribed by rules adopted under this section, which must include: (a) Timelines and deadlines for submission of application materials; (b) A description of the information required by the department to determine that the taxpayer qualifies for the credit allowed under ORS 315.593; (c) Criteria for determining the amount of the tax credit allowed under ORS
ORS Chapter 315 — Personal and Corporate

ORS 315.597. Final certification; rules. (1) A taxpayer may apply to the Department of Transportation for final certification of a short line railroad rehabilitation project if: (a) The taxpayer received preliminary certification for the project under ORS
ORS Chapter 315 — Personal and Corporate

ORS 315.599. Fees; appropriation for expenses. (1) The Department of Transportation may charge and collect a fee from taxpayers for preliminary or final certification of short line rehabilitation projects under ORS 315.595 and 315.597. The fee may not exceed the cost to the department of issuing certifications. (2) All fees collected under this section shall be deposited in the State Treasury to the credit of the Railroad Fund established under ORS 824.014. Moneys deposited under this section are continuously appropriated to the Department of Transportation for the purpose of administering and enforcing the provisions of ORS 315.591 to 315.603.
ORS Chapter 315 — Personal and Corporate

ORS 315.603. Tax credit limit for biennium. The total amount of potential tax credits allowed under ORS 315.593 at the time of preliminary certification under ORS
ORS Chapter 315 — Personal and Corporate

ORS 315.606. [2019 c.579 14; repealed by 2021 c.528 28] HEALTH
ORS Chapter 315 — Personal and Corporate

ORS 315.610. Long term care insurance. (1) A taxpayer shall be allowed a credit against the taxes otherwise due under ORS chapter 316 (or, if the taxpayer is a corporation, under ORS chapter 317 or 318) for premium costs actually paid or incurred during the tax year for a long term care insurance policy: (a) For long term care coverage of the taxpayer or a dependent or parent of the taxpayer; or (b) That is offered by the taxpayer to employees of the taxpayer that are employed in this state. (2) The amount of the credit allowed under this section shall equal the lesser of: (a) Fifteen percent of the total amount of long term care insurance premiums paid or incurred by the taxpayer during the tax year; or (b)(A) If the long term care insurance coverage is for the taxpayer and the dependents or parents of the taxpayer, $500; or (B) If the long term care insurance coverage is for Oregon-based employees of the taxpayer and their dependents or parents, $500 multiplied by the number of employees covered. (3) A credit may not be allowed under this section if the policy was first issued prior to January 1, 2000. (4) The credit allowed under this section may not exceed the tax liability of the taxpayer and may not be carried forward to another tax year. (5) In the case of a credit allowed under this section for purposes of ORS chapter 316: (a) A nonresident shall be allowed the credit under this section in the proportion provided in ORS 316.117. (b) If a change in the status of a taxpayer from resident to nonresident or from nonresident to resident occurs, the credit allowed by this section shall be determined in a manner consistent with ORS 316.117. (c) Spouses in a marriage who file separate returns for a taxable year may each claim a share of the tax credit that would have been allowed on a joint return in proportion to the contribution of each. (d) If a change in the taxable year of a taxpayer occurs as described in ORS 314.085, or if the Department of Revenue terminates the taxpayers taxable year under ORS 314.440, the credit allowed under this section shall be prorated or computed in a manner consistent with ORS 314.085. (6) As used in this section, long term care insurance has the meaning given that term in ORS 743.652. [1999 c.1005 2; 2015 c.629 38] Note: Section 38, chapter 913, Oregon Laws 2009, provides: Sec. 38. A credit may not be claimed under ORS 315.610 for tax years beginning on or after January 1, 2015.
ORS Chapter 315 — Personal and Corporate

ORS 315.616. Additional providers who may qualify for credit. A resident or nonresident individual who is certified as eligible under ORS 442.561, 442.562, 442.563 or 442.564, and is licensed as a physician under ORS chapter 677, licensed as a physician assistant under ORS chapter 677, licensed as a nurse practitioner under ORS chapter 678, licensed as a certified registered nurse anesthetist under ORS chapter 678, licensed as a dentist under ORS chapter 679 or licensed as an optometrist under ORS 683.010 to 683.340 is entitled to the tax credit described in ORS 315.613 even if not a member of the hospital medical staff if the Office of Rural Health certifies that the individual: (1) Is engaged for at least 20 hours per week, averaged over the month, during the tax year in a rural practice; and (2)(a) If a physician or a physician assistant, can cause a patient to be admitted to the hospital; (b) If a certified registered nurse anesthetist, is employed by or has a contractual relationship with one of the hospitals described in ORS 315.613 (1); or (c) If an optometrist, has consulting privileges with a hospital listed in ORS
ORS Chapter 315 — Personal and Corporate

ORS 315.619. Credit for medical staff at type C hospital. A member of the medical staff of a type C hospital who meets the requirements of ORS 315.616 (1) and (2)(a) is entitled to the tax credit described in ORS 315.613 if: (1) The hospital is isolated due to geographic conditions, complies with rules relating to emergency response and is subject to such other special factors as the Office of Rural Health may prescribe; and (2) The hospital is designated by the Office of Rural Health as being subject to particular problems in recruiting and retaining medical staff and is located in an area that is medically underserved. [Formerly 316.146]
ORS Chapter 315 — Personal and Corporate

ORS 315.622. Rural emergency medical services providers. (1) A resident or nonresident individual who is certified as eligible under ORS 442.561 to 442.570 and who is licensed as an emergency medical services provider under ORS chapter 682 shall be allowed a credit against the taxes that are otherwise due under ORS chapter 316 if the Office of Rural Health certifies that the individual provides volunteer emergency medical services in a rural area that comprise at least 20 percent of the total emergency medical services provided by the individual in the tax year. (2) The amount of the credit shall equal $250. (3) A nonresident shall be allowed the credit under this section in the proportion provided in ORS 316.117. If a change in the status of a taxpayer from resident to nonresident or from nonresident to resident occurs, the credit allowed by this section shall be determined in a manner consistent with ORS 316.117. (4) As used in this section, rural area means a geographic area that is located at least 25 miles from any city with a population of 30,000 or more. (5) The Office of Rural Health shall provide information to the Department of Revenue about all taxpayers that are eligible for a tax credit under this section, if required by ORS 315.058. [2005 c.832 63; 2011 c.703 31; 2019 c.483 16] Note: Section 66, chapter 832, Oregon Laws 2005, provides: Sec. 66. ORS 315.622 applies to tax credit certifications issued by the Office of Rural Health on or after January 1, 2006, and before January 1, 2028.