Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 401 - RESEARCH AND DEVELOPMENT TAX CREDIT FOR SEMICONDCUTORS
Section 123-401-0300 - Taxpayer Eligibility

Universal Citation: OR Admin Rules 123-401-0300

Current through Register Vol. 63, No. 9, September 1, 2024

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.

Statutory/Other Authority: ORS 285A.075

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

Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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