Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 315 - PERSONAL INCOME TAX CREDITS
Section 150-315-0016 - Change of Ownership
Universal Citation: OR Admin Rules 150-315-0016
Current through Register Vol. 63, No. 9, September 1, 2024
If there is a change of ownership between when the project is completed and when the forest is established, only the initial owner (investor) will qualify for the total credit. If the forest is not established, the initial owner must repay the initial credit. The new owner does not qualify for any credit for the project the initial owner started.
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 315.104
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