OAR 123-630-0100
Recapture of Tax Credit

(1)

The Department of Revenue may recapture any portion of a tax credit per ORS 285C.656 (Suspension or revocation of certificate) and ORS 315.533 (Qualified equity investments).

(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 (Tax credit utilization limit per tax year)(2) and OAR 123-630-0090 (Limitations for Certification)(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 (Tax credit utilization limit per tax year)(2) and OAR 123-630-0090 (Limitations for Certification)(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: Rule 123-630-0100 — Recapture of Tax Credit, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=123-630-0100.

Last Updated

Jun. 8, 2021

Rule 123-630-0100’s source at or​.us