Or. Admin. R. 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.
Stat. Auth.: ORS 285C.656 & 315.526 - 315.536
Stats. Implemented: ORS 285C.656 & 315.526 - 315.536
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