Or. Admin. R. 123-635-0000 - Purpose and Scope
This division of administrative rules:
(1) Specifies procedures and criteria for
certification under the Oregon Investment Advantage Act to exempt
the business income of qualified facilities from State income or corporate
excise taxation under ORS
316.778
or
317.391,
in order to spur investments in new Oregon operations with new full-time
employees (earning certain average wages and minimum compensation levels) at
qualifying facilities in counties exhibiting the worst per capita incomes and
unemployment rates statewide.
(2)
Does not control or bind the Department of Revenue and is superseded by OAR
chapter 150 in matters related to tax administration.
Notes
Statutory/Other Authority: ORS 285A.075
Statutes/Other Implemented: ORS 285C.495, 285C.500 - 285C.506, 316.778 & 317.391
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.