OAR 123-690-8100
Excise/income Tax Credit


The Governor’s approval of a corporate excise or income tax credit under ORS 317.124 (Long term enterprise zone facilities) may take the form of a letter, memo or similarly official document that:


Names the corporation and refers to its facility that is subject to certification and exemption under ORS 285C.400 (Definitions for ORS 285C.400 to 285C.420) to 285C.420 (Disqualification);


Simply grants the tax credit, approves the corporation’s request or directs necessary action by State officials;


Defines the number of years during which the tax credit may be claimed; and


Is done and effective by the ultimate due date (including normal extensions) to file a tax return for the corporation’s fourth income/excise tax year, in which exempt facility property is in service consistent with OAR 150-317-0245 (Commencement of Long Term Enterprise Zone Tax Credit).


In order for a certified business firm to claim the tax credit:


Local certification of the firm by the enterprise zone sponsor must have occurred on or before June 30, 2018, as prescribed under ORS 285C.406 (Claiming property tax exemption or income tax credit)(2)(b);


The firm must own facility property exempt under ORS 285C.409 (Property tax exemption)(1) and not lease it from other than a commonly owned company; and
(c) The firm will need to fill out the latest revision of Department of Revenue Schedule OR-LTEZ, 150-102-043, Long-Term Enterprise Zone Facilities Credit, which is available at www.oregon.gov/DOR/forms/Pages/default.aspx, and submit it with the tax return for each applicable income/excise tax year of the corporation, starting no later than the final year prescribed under ORS 317.124 (Long term enterprise zone facilities)(3)(a) consistent with subsection (1)(d) of this rule.


For a certified business firm with two or more exemptions under ORS 285C.412 (Conditions for continued exemption)(4), the Governor may approve the tax credit jointly for all such facilities and provide that the apportionment factor and tax credit threshold under ORS 317.124 (Long term enterprise zone facilities)(6) and (7) apply collectively to those facilities.

Source: Rule 123-690-8100 — Excise/income Tax Credit, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=123-690-8100.

Last Updated

Jun. 8, 2021

Rule 123-690-8100’s source at or​.us