reglab/housing_qa huggingface dataset:
OR Rev Stat § 315.213 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 315 - Personal and Corporate Income or Excise Tax Credits|Section 315.213 - Contributions to Office of Child Care.

(1) A credit against the taxes otherwise due under ORS chapter 316 or, if the taxpayer is a corporation, under ORS chapter 317 or 318 is allowed to a taxpayer for certified contributions made to the Office of Child Care under ORS 329A.706. (2) The amount of a tax credit available to a taxpayer for a tax year under this section shall equal the amount stated in the tax credit certificate received under ORS 329A.706. (3) The credit allowed under this section may not exceed the lesser of 50 percent of the amount contributed in the tax year or the tax liability of the taxpayer for the tax year in which the credit is claimed. (4) If the amount claimed as a credit under this section is allowed as a deduction for federal tax purposes, the amount allowed as a credit under this section shall be added to federal taxable income for Oregon tax purposes. (5) A credit under this section may be claimed by a nonresident or part-year resident without proration. (6) Any tax credit otherwise allowable under this section that is not used by the taxpayer in a particular tax year may be carried forward and offset against the taxpayer’s tax liability for the next succeeding tax year. Any credit remaining unused in the next succeeding tax year may be carried forward and used in the second succeeding tax year, and likewise any credit not used in that second succeeding tax year may be carried forward and used in the third succeeding tax year, and any credit not used in that third succeeding tax year may be carried forward and used in the fourth succeeding tax year, but may not be carried forward for any tax year thereafter. (7) The definitions in ORS 329A.700 apply to this section. [2001 c.674 §10; 2003 c.473 §8; 2013 c.624 §79; 2015 c.701 §20] Note: Section 13, chapter 674, Oregon Laws 2001, provides: Sec. 13. ORS 315.213 applies to tax years beginning on or after January 1, 2002, and before January 1, 2022. [2001 c.674 §13; 2003 c.473 §9; 2007 c.880 §1; 2009 c.913 §47; 2015 c.701 §25]
OR Rev Stat § 315.271 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 315 - Personal and Corporate Income or Excise Tax Credits|Section 315.271 - Individual development accounts.

(1) A credit against taxes otherwise due under ORS chapter 316, 317 or 318 shall be allowed for donations to a fiduciary organization for distribution to individual development accounts established under ORS 458.685. The credit shall equal a percentage of the taxpayer’s donation amount, as determined by the fiduciary organization, but not to exceed 90 percent of any donation amount. A credit may be claimed for a donation made not later than April 15 following December 31 of the tax year for which the credit is allowed. To qualify for a credit under this section, donations to a fiduciary organization must be made prior to April 15, 2028. (2) If a credit allowed under this section is claimed, the amount upon which the credit is based that is allowed or allowable as a deduction from federal taxable income under section 170 of the Internal Revenue Code shall be added to federal taxable income in determining Oregon taxable income. As used in this subsection, the amount upon which a credit is based is the allowed credit divided by the applicable percentage, as determined by the fiduciary organization. (3) The allowable tax credit that may be used in any one tax year shall not exceed the tax liability of the taxpayer. (4) Any tax credit otherwise allowable under this section that is not used by the taxpayer in a particular year may be carried forward and offset against the taxpayer’s tax liability for the next succeeding tax year. Any tax credit remaining unused in the next succeeding tax year may be carried forward and used in the second succeeding tax year. Any tax credit not used in the second succeeding tax year may be carried forward and used in the third succeeding tax year, but may not be carried forward for any tax year thereafter. (5) The total credits allowed to all taxpayers in any tax year under this section and ORS 458.690 may not exceed $7.5 million. The total credit allowed to a taxpayer in any tax year under this section and ORS 458.690 may not exceed $500,000. [1999 c.1000 §12; 2001 c.648 §1; 2007 c.765 §1; 2009 c.913 §48; 2015 c.701 §8; 2016 c.29 §2; 2019 c.579 §49a; 2021 c.525 §6] Note: Section 9, chapter 765, Oregon Laws 2007, provides: Sec. 9. (1) A credit may not be claimed under ORS 315.271 and 458.690 for tax years beginning on or after January 1, 2028. (2) The amendments to ORS 315.271 by section 6 of this 2021 Act apply to tax years beginning on or after January 1, 2022, and before January 1, 2028. [2007 c.765 §9; 2015 c.701 §7; 2021 c.525 §7]
OR Rev Stat § 315.272 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 315 - Personal and Corporate Income or Excise Tax Credits|Section 315.272 - Certain individual development account withdrawals.

(1) An individual taxpayer shall be allowed a credit against the taxes that are otherwise due under ORS chapter 316 if, during the tax year: (a) The taxpayer purchased a primary residence; (b) All or a part of the usual and reasonable settlement, financing or other closing costs for the purchase were funded from a withdrawal from an individual development account in which the taxpayer is the account holder; and (c) An approved purpose of the account is the purpose described in ORS 458.685 (1)(d). (2) The amount of the tax credit shall be the least of: (a) The amount of the withdrawal from the individual development account that is for the purpose described in ORS 458.685 (1)(d); (b) The amount of usual and reasonable settlement, financing and other closing costs incurred in the purchase of the primary residence; (c) $2,000; or (d) The tax liability of the taxpayer. (3) A tax credit allowed under this section that is unused may not be carried forward to a succeeding tax year. (4) A tax credit under this section may be claimed by a nonresident or a part-year resident without proration. (5) The definitions in ORS 458.670 apply to this section. [2005 c.575 §2; 2017 c.315 §21] Note: Section 49, chapter 913, Oregon Laws 2009, provides: Sec. 49. A credit may not be claimed under ORS 315.272 for tax years beginning on or after January 1, 2016. [2009 c.913 §49]
OR Rev Stat § 315.329 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 315 - Personal and Corporate Income or Excise Tax Credits|Section 315.329 - Funding in lieu of tax credit certification.

(1) In any fiscal year, the amount of tax credits allowed under ORS 315.326 may be reduced or eliminated, and the Legislative Assembly may, no later than 30 days prior to the end of each fiscal year, in lieu of the issuance of certifications for tax credit under ORS 315.326 by the State Department of Energy, make an appropriation to the State Department of Energy for deposit into the Renewable Energy Development Subaccount, established in ORS 470.805, of the Clean Energy Deployment Fund established in ORS 470.800. Moneys deposited under this section are to be used only for purposes related to renewable energy development. (2) After a tax credit certificate has been sold as provided in ORS 315.326, the State Department of Energy may not revoke the certificate. [2011 c.730 §24; 2012 c.45 §3]
OR Rev Stat § 315.356 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 315 - Personal and Corporate Income or Excise Tax Credits|Section 315.356 - Other grants as offset to cost of energy conservation facility; changes in eligibility for participation in other programs.

(1) If a taxpayer obtains a grant from the federal government in connection with a facility that has been certified by the Director of the State Department of Energy, the total cost of the facility shall be reduced on a dollar for dollar basis. Any income or excise tax credits that the taxpayer would be entitled to under ORS 285C.540 to 285C.559, 315.341, 315.354 and 469B.130 to 469B.169 after any reduction described in this subsection may not be reduced by the federal grant. A taxpayer applying for a federal grant shall notify the Department of Revenue by certified mail within 30 days after each application, and after the receipt of any grant. (2) A taxpayer, or an applicant who is otherwise eligible, is eligible to participate in both this tax credit program and low interest, government-sponsored loans. (3) A taxpayer who receives a tax credit or property tax relief on a pollution control facility or an alternative energy device under ORS 307.405, 315.304 or 316.116 is not eligible for a tax credit on the same facility or device under ORS 285C.540 to 285C.559, 315.341, 315.354 and 469B.130 to 469B.169. [1993 c.730 §36 (enacted in lieu of 316.141, 316.142 and 317.103); 1995 c.556 §35; 1999 c.623 §3; 2001 c.583 §2; 2007 c.843 §15; 2011 c.83 §14; 2011 c.474 §34; 2011 c.693 §2]
OR Rev Stat § 315.357 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 315 - Personal and Corporate Income or Excise Tax Credits|Section 315.357 - Time limit applicable to energy conservation tax credit.

(1) For a facility other than a renewable energy resource equipment manufacturing facility, a taxpayer may not be allowed a credit under ORS 315.354 unless the taxpayer: (a) Files an application for preliminary certification under ORS 469B.145 on or before April 15, 2011; (b) Receives preliminary certification under ORS 469B.157 before July 1, 2011; and (c) Receives final certification under ORS 469B.161 before January 1, 2013, or has demonstrated, to the State Department of Energy, evidence of beginning construction before April 15, 2011. (2) Any preliminary certification issued for a facility, other than a renewable energy resource equipment manufacturing facility, under ORS 469B.157 that remains outstanding as of July 1, 2011, shall expire on July 1, 2014. [2007 c.843 §24; 2009 c.913 §15; 2010 c.76 §5; 2011 c.474 §24; 2011 c.730 §1; 2012 c.45 §16]
OR Rev Stat § 315.469 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 315 - Personal and Corporate Income or Excise Tax Credits|Section 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 taxpayer’s 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 taxpayer’s 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 315.465.
OR Rev Stat § 315.508 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 315 - Personal and Corporate Income or Excise Tax Credits|Section 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]
OR Rev Stat § 315.516 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 315 - Personal and Corporate Income or Excise Tax Credits|Section 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 315.514 is denied shall, at the request of the taxpayer, be refunded by the Oregon Film and Video Office. [2011 c.730 §13; 2018 c.111 §5] Note: 315.516 was enacted into law by the Legislative Assembly but was 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.
OR Rev Stat § 315.521 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 315 - Personal and Corporate Income or Excise Tax Credits|Section 315.521

[2005 c.592 §5; 2013 c.750 §42; 2016 c.31 §2; 2019 c.483 §15; renumbered 315.640 in 2019]
OR Rev Stat § 315.526 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 315 - Personal and Corporate Income or Excise Tax Credits|Section 315.526 - Short title.

ORS 285C.650, 285C.653, 285C.656 and 315.529 to 315.536 shall be known and may be cited as the Oregon Low Income Community Jobs Initiative. [2011 c.732 §1]
OR Rev Stat § 315.529 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 315 - Personal and Corporate Income or Excise Tax Credits|Section 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 315.526.
OR Rev Stat § 315.536 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 315 - Personal and Corporate Income or Excise Tax Credits|Section 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 315.526.
OR Rev Stat § 315.591 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 315 - Personal and Corporate Income or Excise Tax Credits|Section 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. "Short line railroad rehabilitation project costs" does not include costs that are funded by or used to qualify for any state or federal grants, or costs that are used to claim a federal tax credit. (5) "Tier I short line railroad" means a short line railroad owned or leased by a person for whom the total length of short line railroad track owned or leased in Oregon is equal to or greater than 200 miles. The total amount of short line railroad track in Oregon calculated under this subsection includes any short line railroad track owned or leased by the person, or if the person is a corporation, by the person’s parent corporation or subsidiaries, regardless of whether the track is owned or leased by one or more railroads. (6) "Tier II short line railroad" means a short line railroad that is not a tier I short line railroad or is a short line railroad owned or leased by the state, a city, a county, a port or any other public or municipal corporation. [2019 c.579 §7; 2021 c.630 §44]
OR Rev Stat § 315.595 (2021)
2021 Oregon Revised Statutes|Volume : 08 - Revenue and Taxation|Chapter 315 - Personal and Corporate Income or Excise Tax Credits|Section 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 315.593, including standards for what constitutes completion of a short line railroad rehabilitation project; (d) The process by which an applicant will be notified of an incomplete application and the time allowed for the applicant to provide the missing information; and (e) The month and date by which the department must notify an applicant of the preliminary certification decision and the potential amount of the tax credit for which the applicant has received preliminary certification. (2) If the total amount of potential tax credits allowed under ORS 315.593 for all taxpayers that have applied for preliminary certification exceeds the limit in ORS 315.603, the department shall allocate the tax credits allowed under ORS 315.593 as follows: (a) By giving first priority to all tier II short line railroads that own or lease less than 75 miles of short line railroad track in this state; and (b) By giving second priority to all tier II short line railroads not described in paragraph (a) of this subsection. (3) If the department must allocate tax credits to a group of taxpayers in an amount that is less than the amount the taxpayers would otherwise receive under ORS 315.593, the department shall divide the available tax credits among the group proportionally, based on the amount each taxpayer would have otherwise received under ORS 315.593. [2019 c.579 §9; 2021 c.528 §26]