Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 315 - PERSONAL INCOME TAX CREDITS
Section 150-315-0014 - Procedure for Claiming the Reforestation Credit
Universal Citation: OR Admin Rules 150-315-0014
Current through Register Vol. 63, No. 9, September 1, 2024
(1) The Oregon Department of Revenue will accept the preliminary certificate issued by the Department of Forestry as evidence of completion of the project. In addition to the preliminary certificate, the taxpayer shall obtain a statement from the landowner or person in possession of the land:
(a) That the land
within the project area will be used primarily for the growing and harvesting
of trees of an acceptable species as provided in ORS
315.104; and
(b) That the taxpayer is aware that
maintenance practices, including release, may be needed to insure that a new
forest is established and will remain established.
(2) Upon request of the department, the taxpayer will provide copies of the certificate(s) issued by the Department of Forestry for any year in which the credit is claimed.
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 315.104
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