Oregon
Rule Rule 123-630-0100
Recapture of Tax Credit


(1)

The Department of Revenue may recapture any portion of a tax credit per ORS 285C.656 and ORS 315.533.

(2)

The Department of Revenue may recapture any portion of a tax credit if the qualified community development entity applies for and receives qualified equity investment authority under ORS 285C.653(2) and OAR 123-630-0090(2) and fails to invest at least 85 percent of the cash purchase price of the QEI in qualified active low-income community businesses that satisfy the requirements of ORS 285C.653(2) and OAR 123-630-0090(2) within 12 months of the issuance of the qualified equity investment and maintain such level of investment in qualified active low-income community businesses satisfying such requirements until the last credit allowance date for such qualified equity investment.
Source
Last accessed
Oct. 15, 2019