reglab/statecodes huggingface dataset:
2023 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 Department of Early Learning and 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; 2023 c.554 §49]
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]
2023 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, 2030.
(2) The amendments to ORS 315.271 by section 6, chapter 525, Oregon Laws 2021, apply to tax years beginning on or after January 1, 2022, and before January 1, 2030. [2007 c.765 §9; 2015 c.701 §7; 2021 c.525 §7; 2023 c.490 §16]
2023 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]
2023 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 315 - Personal and Corporate Income or Excise Tax Credits › Section 315.278 - Reconciliation of quarterly payment amounts.

(1) The Department of Revenue, in reviewing the personal income tax returns of all individuals who have received payments under ORS 315.276, shall:
(a) Confirm that, for the tax year during which payments began as provided under ORS 315.279, the taxpayer has claimed a credit under ORS 315.273;
(b) Reconcile the amounts claimed under ORS 315.273 against the amounts disbursed under ORS 315.276 and against the taxpayer’s underlying tax liability, if imposed; and
(c) Determine whether there is a difference in amounts claimed versus amounts disbursed and assess a deficiency against the taxpayer or provide a refund.
(2) If a taxpayer who has received any advance payments established under ORS 315.276 does not claim a credit under ORS 315.273, or does not provide sufficient substantiation of eligibility for the claimed amount, the Department of Revenue shall notify the taxpayer of any overpayment attributable to the installment payments made under ORS 315.276.
(3) The Department of Revenue shall discontinue payments under ORS 315.276 if the department discovers that the taxpayer:
(a) Has moved out of this state since first receiving payments;
(b) Has changed or is likely to change tax filing status; or
(c) Is not reasonably likely to qualify for the tax credit under ORS 315.273 for the next upcoming tax year for which advance payments are otherwise to be made.
(4) Except as otherwise provided in this section and ORS 315.273 and 315.276 or where the context requires otherwise, the provisions of ORS chapters 305 and 314 as to the audit and examination of returns, periods of limitation, determination of and notices of deficiencies, assessments, collections, liens, delinquencies, claims for refund and refunds, conferences, appeals to the Oregon Tax Court, stays of collection pending appeal, confidentiality of returns and the penalties relative thereto, and the procedures relating thereto, apply to the determinations of taxes, penalties and interest under this section and ORS 315.273 and 315.276. [2023 c.538 §3a]
2023 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 315 - Personal and Corporate Income or Excise Tax Credits › Section 315.279 - Commencement of quarterly payments.

The Department of Revenue shall begin quarterly payments under ORS 315.276 during the second year immediately following the year in which ORS 315.276 becomes operative under section 5, chapter 538, Oregon Laws 2023, and shall continue to make quarterly payments in each year thereafter, provided that the payments continue not to affect eligibility for federal public assistance programs, under a waiver described in section 6, chapter 538, Oregon Laws 2023, or another condition described in section 5 (2), chapter 538, Oregon Laws 2023. [2023 c.538 §4]
Note:
Sections 1, 5 and 11, chapter 538, Oregon Laws 2023, provide:
Sec. 1.
Sections 2 to 5 of this 2023 Act [315.273 to 315.279 and section 5] are added to and made a part of ORS chapter 315. [2023 c.538 §1]
Sec. 5.
Section 3 of this 2023 Act [315.276] becomes operative 30 days after whichever of the following occurs first:
(1) The United States Department of Agriculture approves the request for waiver under section 6 of this 2023 Act; or
(2) The Department of Revenue receives notice that the requirement to include recurring or nonrecurring state payments of income tax refunds, rebates or credits in income-based eligibility determinations for any federal public assistance program is abrogated as a consequence of:
(a) The enactment of federal legislation;
(b) A decision by a controlling court from which there is no further right of appeal; or
(c) Publication of federal regulations, guidelines, memoranda or any other official action taken by a federal agency with the authority to alter income-based eligibility determinations for federal public assistance programs. [2023 c.538 §5]
Sec. 11.
Section 2 of this 2023 Act [315.273] applies to tax years beginning on or after January 1, 2023, and before January 1, 2029. [2023 c.538 §11]
2023 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 315 - Personal and Corporate Income or Excise Tax Credits › Section 315.281 - Definitions for credit allowed for sale of publicly supported housing.

As used in ORS 315.281 to 315.291:
(1) "Affordability restriction" has the meaning given that term in ORS 456.250.
(2) "Identity of interest" means a relationship in which a purchaser and seller are related by blood or marriage or are affiliated through a business relationship.
(3) "Publicly supported housing" has the meaning given that term in ORS 456.250.
(4) "Qualifying sale" means any sale of publicly supported housing to a purchaser that enters into a recorded affordability restriction agreement governing the use of the housing that:
(a) Applies to publicly supported housing on or before the expiration of the right of first refusal under ORS 456.262 (3)(d); and
(b) Adopts affordability restrictions for a period of at least 30 years that:
(A) For dwelling units of the participating property that were subject to an expired or expiring affordability restriction, extend those expired or expiring restrictions, except in cases where the affordability restriction was based on a project-based rental assistance program which has been terminated by the issuing agency; or
(B) For any other dwelling units, require rental rates for the housing to be affordable under federal rental affordability standards to households earning 80 percent of the area median income. [2023 c.490 §18]
2023 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 315 - Personal and Corporate Income or Excise Tax Credits › Section 315.283 - Sale of publicly supported housing.

(1) A taxpayer is 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 a qualifying sale in Oregon of publicly supported housing during the tax year. The amount of the credit allowed under this section may not exceed:
(a) For housing owned by the taxpayer for at least five years, 2.5 percent of the lesser of the housing’s sale price or the appraisal under ORS 315.286 (2)(e); or
(b) For housing owned by the taxpayer for at least 10 years, five percent of the lesser of the housing’s sale price or the appraisal under ORS 315.286 (2)(e).
(2) In order to claim a credit under this section, a taxpayer must:
(a) Lack identity of interest with the purchaser; and
(b) Receive certification of a credit under ORS 315.286 (6) and submit the certification to the Department of Revenue upon request of the department.
(3) The Department of Revenue may:
(a) Adopt rules for carrying out the provisions of this section; and
(b) Prescribe the form used to claim a credit under this section and the information required on the form.
(4) 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, but may not be carried forward for any tax year thereafter.
(5) In the case of a credit allowed under this section:
(a) A nonresident is 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 must be determined in a manner consistent with ORS 316.117.
(c) If a change in the tax year of a taxpayer occurs as described in ORS 314.085, or if the Department of Revenue terminates the taxpayer’s tax year under ORS 314.440, the credit allowed under this section must be prorated or computed in a manner consistent with ORS 314.085. [2023 c.490 §19]
2023 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 315 - Personal and Corporate Income or Excise Tax Credits › Section 315.288 - Housing and Community Services Department to provide information to Department of Revenue; rules.

(1) For any tax credit certification that is issued under ORS 315.286, the Department of Revenue may by rule require that the Housing and Community Services Department provide information about the certification, including the name and taxpayer identification number of the taxpayer or other person receiving certification, the date the certification was issued in its final form, the approved amount of credit and the first tax year for which the credit may be claimed.
(2) A taxpayer that is a pass-through entity that has received certification for a credit allowed under ORS 315.283 shall provide the information described in subsection (1) of this section to the Department of Revenue within two months after the close of the tax year in which the certification was issued.
(3) The Department of Revenue shall prescribe by rule the manner and the timing of submission to the Department of Revenue of the information described in subsection (1) of this section. [2023 c.490 §21]
2023 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 315 - Personal and Corporate Income or Excise Tax Credits › Section 315.291 - Calendar year limitation on credits allowed all taxpayers.

The total amount certified by the Housing and Community Services Department for tax credits for affordable housing under ORS 315.283 may not exceed $3 million for all taxpayers for any calendar year. [2023 c.490 §22]
2023 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]
2023 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]
2023 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]
2023 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.
2023 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]
2023 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.
2023 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 315 - Personal and Corporate Income or Excise Tax Credits › Section 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 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.
(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:
315.517 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.
2023 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 315 - Personal and Corporate Income or Excise Tax Credits › Section 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. [2023 c.298 §3]
2023 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]
2023 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.
2023 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.
2023 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. [2019 c.579 §7; 2021 c.630 §44; 2023 c.545 §1]
2023 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)(a) If the total amount of potential tax credits allowed under ORS 315.593 for all taxpayers that have applied for preliminary certification would exceed the limit in ORS 315.603, the department shall allocate the tax credits allowed under ORS 315.593 so that no railroad is allowed more than $400,000 for any tax year.
(b) After applying the limitation in paragraph (a) of this subsection, 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 available amount among taxpayers proportionally, based on the amount each taxpayer would have otherwise received under ORS 315.593. [2019 c.579 §9; 2021 c.528 §26; 2023 c.545 §3]
2023 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 315 - Personal and Corporate Income or Excise Tax Credits › Section 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 315.595; and
(b) The project is completed.
(2) After approving the application, the department shall certify the project, including the amount of the tax credit for which the taxpayer has received final certification. The department may not certify an amount that is more than the amount approved in the preliminary certification for the project.
(3) The department may establish by rule a process for accepting applications and issuing final certifications under this section. [2019 c.579 §10]
2023 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 315 - Personal and Corporate Income or Excise Tax Credits › Section 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. [2019 c.579 §11]
2023 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 315 - Personal and Corporate Income or Excise Tax Credits › Section 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 315.595 may not exceed $4 million for any biennium. [2019 c.579 §13]
2023 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 315 - Personal and Corporate Income or Excise Tax Credits › Section 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 taxpayer’s 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. [2009 c.913 §38; 2015 c.701 §39]
2023 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 315 - Personal and Corporate Income or Excise Tax Credits › Section 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 315.613 (1). This paragraph does not apply to an optometrist who qualifies as a "frontier rural practitioner," as defined by the Office of Rural Health. [Formerly 316.144; 2013 c.129 §25; 2013 c.750 §12]
2023 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 315 - Personal and Corporate Income or Excise Tax Credits › Section 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]
2023 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 315 - Personal and Corporate Income or Excise Tax Credits › Section 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. [2005 c.832 §66; 2009 c.913 §26; 2013 c.750 §16; 2019 c.579 §28; 2023 c.490 §10]