ORS 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 (Reservation of credit) (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 (Reservation of credit) (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 (Reservation of credit) (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 (Proration between Oregon income and other income for nonresidents, part-year residents and trusts).

(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 (Proration between Oregon income and other income for nonresidents, part-year residents and trusts).

(c)

If a change in the tax year of a taxpayer occurs as described in ORS 314.085 (Taxable year), or if the Department of Revenue terminates the taxpayer’s tax year under ORS 314.440 (Tax as debt), the credit allowed under this section must be prorated or computed in a manner consistent with ORS 314.085 (Taxable year). [2023 c.490 §19]

Source: Section 315.283 — Sale of publicly supported housing, https://www.­oregonlegislature.­gov/bills_laws/ors/ors315.­html.

315.004
Definitions 315.037
Tax expenditures applicable for limited time 315.044
Statement of purpose 315.047
List of tax credits with revenue impact in excess of projection 315.051
Report by Legislative Revenue Officer 315.052
Limitation on transfer or sale of credit 315.053
Restriction on types of transferees 315.054
Federal tax credits allowable only as specified 315.056
Conditions for transfer of tax credit 315.058
Agency to provide tax credit approval information to Department of Revenue 315.061
Suspension, revocation or forfeiture 315.063
Waiver of substantiation by Department of Revenue 315.068
Claim of right income repayment adjustments 315.104
Reforestation 315.106
Reforestation credit preliminary certificate 315.108
Annual reforestation credit cost limitation 315.111
Legislative declarations regarding riparian land conservation 315.113
Voluntary removal of riparian land from farm production 315.117
Legislative findings and declarations regarding on-farm processing 315.119
On-farm processing facilities 315.123
Minimum production and processing volume requirements 315.124
Small forestland owner using standard practice harvest restrictions 315.126
Certification of eligibility from State Forestry Department 315.128
Calculation of credit amount 315.130
Revocation upon timber harvest or removal of harvest restriction 315.132
Credit allowed for current certifications following repeal or expiration 315.133
Overtime compensation paid to agricultural workers 315.135
Calculation of credit amount 315.136
Notice of acknowledgment in support of credit 315.137
Calendar year limitation on credits allowed all taxpayers 315.138
Screening devices, by-pass devices or fishways 315.141
Biomass production or collection 315.144
Transfer of biomass credit 315.154
Definitions for crop donation credit 315.156
Crop donation 315.163
Definitions for ORS 315.163 to 315.169 315.164
Agriculture workforce housing projects 315.167
Agriculture workforce housing credit application 315.169
Agriculture workforce housing contributor credit 315.171
Tax credit limit for biennium 315.174
Livestock killed by wolf 315.176
Bovine manure production or collection 315.184
Annual limitation on total amount of tax credits 315.204
Dependent care assistance 315.208
Dependent care facilities 315.213
Contributions to Office of Child Care 315.237
Employee and dependent scholarship program payments 315.262
Working family child care 315.264
Working family household and dependent care expenses 315.266
Earned income 315.271
Individual development accounts 315.272
Certain individual development account withdrawals 315.273
Qualifying child of taxpayer 315.276
Quarterly payments based on annual advance amount 315.278
Reconciliation of quarterly payment amounts 315.279
Commencement of quarterly payments 315.281
Definitions for credit allowed for sale of publicly supported housing 315.283
Sale of publicly supported housing 315.286
Reservation of credit 315.288
Housing and Community Services Department to provide information to Department of Revenue 315.291
Calendar year limitation on credits allowed all taxpayers 315.304
Pollution control facilities 315.326
Renewable energy development contributions 315.329
Funding in lieu of tax credit certification 315.331
Energy conservation projects 315.336
Transportation projects 315.341
Renewable energy resource equipment manufacturing facilities 315.354
Energy conservation facilities 315.356
Other grants as offset to cost of energy conservation facility 315.357
Time limit applicable to energy conservation tax credit 315.465
Biofuels and fuel blends 315.469
Biodiesel used in home heating 315.506
New business facility in reservation enterprise zone or reservation partnership zone 315.507
Electronic commerce in designated enterprise zone 315.508
Recordkeeping requirements 315.514
Film production development contributions 315.516
Funding in lieu of tax credit certification 315.517
Water transit vessels 315.518
Research conducted by semiconductor company 315.519
Refundability of tax credit 315.522
Certification 315.523
Employee training 315.526
Short title 315.529
Definitions 315.533
Qualified equity investments 315.536
Transferability of credit 315.591
Definitions 315.593
Short line railroad rehabilitation projects 315.595
Preliminary certification 315.597
Final certification 315.599
Fees 315.603
Tax credit limit for biennium 315.610
Long term care insurance 315.613
Credit available to persons providing rural medical care and affiliated with certain rural hospitals 315.616
Additional providers who may qualify for credit 315.619
Credit for medical staff at type C hospital 315.622
Rural emergency medical services providers 315.624
Medical care to residents of Oregon Veterans’ Home 315.628
Health care services under TRICARE contract 315.631
Certification of health care providers 315.640
University venture development fund contributions 315.643
Opportunity Grant contributions 315.646
Funding in lieu of tax credit certification 315.650
Higher education savings account or ABLE account contributions 315.653
Forfeiture of prior tax relief 315.675
Trust for Cultural Development Account contributions
Green check means up to date. Up to date

Current through early 2026

§ 315.283’s source at oregon​.gov