Or. Admin. Code § 123-401-0300

Current through Register Vol. 63, No. 12, December 1, 2024

Section 123-401-0300 - Taxpayer Eligibility

To be eligible for certification required to claim the Research and Development Tax Credit for Semiconductors, a taxpayer must meet all of the following requirements as well as any additional requirements specified in statute or applicable administrative rules:

(1) Be a qualified semiconductor company;

(2) Incur qualified research expenses or basic research payments in Oregon, in the tax year for which the certification is being requested; and

(3) Be subject to personal income taxes under ORS chapter 316 or corporate excise taxes under ORS chapter 317.

Or. Admin. Code § 123-401-0300

OBDD 16-2024, adopt filed 07/01/2024, effective 7/1/2024

Statutory/Other Authority: ORS 285A.075

Statutes/Other Implemented: ORS 315.518 - 315.522 & Oregon Laws 2023, chapter 298, section 5