Or. Admin. R. 150-315-0014 - Procedure for Claiming the Reforestation Credit
(1) The Oregon Department of Revenue will
accept the preliminary certificate issued by the Department of Forestry as
evidence of completion of the project. In addition to the preliminary
certificate, the taxpayer shall obtain a statement from the landowner or person
in possession of the land:
(a) That the land
within the project area will be used primarily for the growing and harvesting
of trees of an acceptable species as provided in ORS
315.104; and
(b) That the taxpayer is aware that
maintenance practices, including release, may be needed to insure that a new
forest is established and will remain established.
(2) Upon request of the department, the
taxpayer will provide copies of the certificate(s) issued by the Department of
Forestry for any year in which the credit is claimed.
Notes
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 315.104
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