Or. Admin. R. 150-314-0497 - Corporation Tax Credits - Converting an S Corporation to a C Corporation

Tax credits passed through to shareholders and not used entirely to offset the shareholders' tax liabilities in the year of pass-through shall be carried forward by the shareholders. Such unused credits may not offset corporation tax liabilities in future years when C corporation status has been elected.


Or. Admin. R. 150-314-0497
RD 7-1991, f. 12-30-91, cert. ef. 12-31-91; Renumbered from 150-314.732(2)(d), REV 34-2016, f. 8-12-16, cert. ef. 9/1/2016

Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 314.732

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