Or. Admin. Code § 603-020-0026 - Tax Credit Cap Exceedance

(1) The department will proportionately reduce the amount of certified credits among all applicants applying for the credit within the tax year to ensure that the certification of tax credits does not exceed $5 million.

(2) If the department proportionately reduces the amount of certified credits among all applicants applying for the credit, the department will adjust the application fee and issue a refund if the difference is greater than $100.

Notes

Or. Admin. Code § 603-020-0026

DOA 23-2018, temporary adopt filed 08/30/2018, effective 08/30/2018 through 02/25/2019; DOA 4-2019, adopt filed 01/29/2019, effective 2/1/2019

Statutory/Other Authority: ORS 315.184

Statutes/Other Implemented: ORS 315.184, 315.184, 469B.403 & 561.190