Or. Admin. R. 575-063-0005 - Definitions
(1) "An eligible
employer." An individual, partnership, or corporation that employs at least
four full-time equivalent employees but no more than 250 employees, and must
provide or intend to provide scholarship funds during the calendar year for
which tax certification is being sought.
(2) "An eligible employee." An employee of an
eligible employer who has been employed by that employer for a minimum period
of employment not to exceed three years.
(3) "Dependent." An individual over half of
whose support, for the calendar year in which the taxable year for the eligible
employee taxpayer begins, was received from an eligible employee, consistent
with the requirements of IRC S 152.
(4) "An eligible institution." A
post-secondary institution in the U.S that participates in federal Title IV
student financial aid programs.
(5)
"Concurrently enrolled." A student who attends more than one eligible
institution under a written consortium agreement or concurrent enrollment
program.
(6) "Expenses." Cost of
education, which, is the sum of tuition and fees, room and board, books and
supplies, transportation, and personal expenses incurred in the pursuit of a
postsecondary education as determined by the institution.
(7) "Qualified Scholarship." A scholarship
that meets the criteria set forth or incorporated into the letter of employee
and dependent scholarship program certification issued by the
Commission.
Notes
Stat. Auth.: ORS 183 & 348
Stats. Implemented: HB 2521, 2001 Leg. Assembly
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