ORS 285C.653
Tax credit utilization limit per tax year

rules

Text
Annotations

(1)

Once the Oregon Business Development Department has certified a cumulative amount of qualified equity investments that can result in the utilization of $16 million of tax credits in any tax year, the department may not certify any more qualified equity investments under ORS 285C.650 (Certification as qualified equity investment). This limitation shall be based on the scheduled utilization of tax credits without regard to the potential for taxpayers to carry forward tax credits to later tax years.

(2)

The department shall reserve 15 percent of the total amount of qualified equity investments that receive certification under ORS 285C.650 (Certification as qualified equity investment) for investments in qualified active low-income community businesses that:

(a)

Have a primary purpose of improving the environment or reducing emissions of greenhouse gases; or

(b)

Produce goods that directly reduce emissions of greenhouse gases or are designed as environmentally sensitive replacements for products in current use.

(3)

The department shall establish by rule procedures and criteria for implementing the provisions of this section. [2011 c.732 §7]

Note: See notes under 285C.650 (Certification as qualified equity investment).

Source: Section 285C.653 — Tax credit utilization limit per tax year; rules, https://www.oregonlegislature.gov/bills_laws/ors/ors285C.html (accessed May 26, 2025).

285C.045
Short title 285C.050
Definitions for ORS 285C.050 to 285C.250 285C.055
Legislative purpose 285C.060
Duties of Oregon Business Development Department 285C.065
Designation of enterprise zone 285C.066
Department may adopt certain rules 285C.067
Consultation with local taxing districts 285C.068
Port cosponsorship of zones 285C.070
Election to permit hotels, motels or destination resorts as eligible business firms 285C.074
Documentation for zone designation or redesignation to be submitted to department 285C.078
Notification to department of intent to make designation of enterprise zone or zone or city for electronic commerce 285C.085
Federal enterprise zones 285C.090
Requirements for area to be designated zone 285C.095
Designation for electronic commerce 285C.100
Alternative designation of city for electronic commerce 285C.102
Documentation for designation of zone or city for electronic commerce to be submitted to department 285C.105
Duties of zone sponsor 285C.110
Availability of public property 285C.115
Change of zone boundaries 285C.117
Documentation for zone boundary change to be submitted to department 285C.120
Zone boundary change restrictions when county ceases to be sparsely populated 285C.125
Duties of Department of Revenue 285C.130
Duties of county assessor 285C.135
Eligible business firms 285C.140
Application for authorization 285C.142
Notice to adjacent governments of potential increased infrastructure use 285C.145
Leasing existing property to authorized firm 285C.150
Conditions required by sponsor for authorization 285C.155
Minimum employment and other requirements for authorization 285C.160
Agreement between firm and sponsor for additional period of exemption 285C.162
School support fee in lieu of property taxes 285C.163
Posting of agreement terms on zone sponsor’s website 285C.165
Extension of period of authorization 285C.170
Construction-in-process exemption 285C.175
Enterprise zone exemption 285C.180
Qualified property generally 285C.185
Minimum cost of qualified property 285C.190
Requirements for qualifying reconditioned, refurbished, retrofitted or upgraded property 285C.200
Qualifications of business firm 285C.203
Suspension of employment requirements 285C.205
Effect of productivity increases on qualification of certain firms 285C.210
Substantial curtailment of business operations 285C.215
First-source hiring agreements 285C.220
Exemption claims 285C.225
Sponsor’s addendum 285C.230
Assessor to grant or deny exemption 285C.235
Authority of county assessor 285C.240
Disqualification 285C.245
Termination 285C.250
Redesignation or designation of new zone following zone termination 285C.255
Sunset of enterprise zone program 285C.300
Definitions for ORS 285C.300 to 285C.320 285C.303
Legislative findings 285C.306
Reservation enterprise zones and reservation partnership zones 285C.320
Status of reservation enterprise zone and reservation partnership zone 285C.350
Definitions for ORS 285C.350 to 285C.370 285C.353
Designation of rural renewable energy development zones 285C.356
Application for authorization 285C.359
Qualified property 285C.362
Exemption 285C.365
Application of enterprise zone laws 285C.370
Rules 285C.400
Definitions for ORS 285C.400 to 285C.420 285C.403
Certification of business firm 285C.404
Notice to adjacent governments of potential increased infrastructure use 285C.405
School support fee in lieu of property taxes 285C.407
Posting of agreement terms on zone sponsor’s website 285C.408
Claiming property tax exemption or income tax credit 285C.409
Property tax exemption 285C.412
Conditions for continued exemption 285C.415
Notice to county assessor 285C.420
Disqualification 285C.495
Short title 285C.500
Definitions for ORS 285C.500 to 285C.506 285C.503
Preliminary certification of facility 285C.506
Annual certification of facility 285C.540
Definitions for ORS 285C.540 to 285C.559 285C.543
Rules 285C.545
Annual limit to cost of facility in granting tax credits 285C.547
Application for preliminary certification 285C.549
Transferability of facility tax credit 285C.551
Submission of plans, specifications and contract terms 285C.553
Final certification 285C.555
Rules 285C.557
Certification required for tax credits 285C.559
Revocation of certificate 285C.600
Definitions for ORS 285C.600 to 285C.635 285C.603
Legislative purpose 285C.606
Eligibility of projects for tax exemption 285C.609
Request by county 285C.612
Eligible project application fees 285C.615
Annual participant reports 285C.620
Confidentiality of project information 285C.623
Strategic investment zones 285C.626
Business firm application for project within strategic investment zone 285C.635
Determination of personal income tax revenue 285C.650
Certification as qualified equity investment 285C.653
Tax credit utilization limit per tax year 285C.656
Suspension or revocation of certificate 285C.659
Report

Current through early 2026

§ 285C.653. Tax credit utilization limit per tax year's source at oregon.gov

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Location: https://oregon.public.law/statutes/ors_285c.653

Original Source: Section 285C.653 — Tax credit utilization limit per tax year; rules, https://www.oregonlegislature.gov/bills_laws/ors/ors285C.html (last accessed May 10, 2025).