Current through Register Vol. 61, No. 4, April 1, 2022
(1) Distributions from the Long Term
Enterprise Zone Fund to local taxing districts under ORS
317.131 include only corporate
tax liability payments received prior to the department's calculation of the
distribution for the year.
reduction of corporate tax liability of a taxpayer for a tax year, which is
recognized and accepted subsequent to the deposit of that taxpayer's tax
payments for the tax year into the Fund, will not be considered when
determining the amount of the distribution to local taxing districts.
(3) If the department errs when
calculating the correct amount of a distribution, the department may adjust the
erroneous distribution and may require the return of any erroneously
distributed payments made to local taxing districts.
(4) If the department requires the return of
erroneously distributed payments made to local taxing districts; the department
shall, if practicable, subtract the amount of the erroneously distributed
payment to the local taxing district from the next distribution to the local
taxing district. Otherwise, the department shall bill the local taxing district
for any amount of an erroneously distributed payment that the department is
unable to recover from the local taxing district by subtracting funds from the
next distribution to the local taxing district.
Admin. R. 150-317-0250
f. 12-23-14, cert. ef. 1-1-15; Renumbered from 150-317.131,
68-2016, f. 8-15-16, cert. ef.
Stat. Auth.: ORS
Stats. Implemented: ORS