ORS 315.004
Definitions

  • adoption of parts of Internal Revenue Code and application of federal laws and regulations
  • technical corrections

(1)

Except when the context requires otherwise, the definitions contained in ORS chapters 314, 316, 317 and 318 are applicable in the construction, interpretation and application of the personal and corporate income and excise tax credits contained in this chapter.

(2)

Intentionally left blank —Ed.

(a)

For purposes of the tax credits contained in this chapter, any term has the same meaning as when used in a comparable context in the laws of the United States relating to federal income taxes, unless a different meaning is clearly required or the term is specifically defined for purposes of construing, interpreting and applying the credit.

(b)

With respect to the tax credits contained in this chapter, any reference to the laws of the United States or to the Internal Revenue Code means the laws of the United States relating to income taxes or the Internal Revenue Code as they are amended on or before April 1, 2021, even when the amendments take effect or become operative after that date.

(3)

Insofar as is practicable in the administration of this chapter, the Department of Revenue shall apply and follow the administrative and judicial interpretations of the federal income tax law. When a provision of the federal income tax law is the subject of conflicting opinions by two or more federal courts, the department shall follow the rule observed by the United States Commissioner of Internal Revenue until the conflict is resolved. Nothing contained in this section limits the right or duty of the department to audit the return of any taxpayer or to determine any fact relating to the tax liability of any taxpayer.

(4)

When portions of the Internal Revenue Code incorporated by reference as provided in subsection (2) of this section refer to rules or regulations prescribed by the Secretary of the Treasury, then such rules or regulations shall be regarded as rules adopted by the department under and in accordance with the provisions of this chapter, whenever they are prescribed or amended.

(5)

Intentionally left blank —Ed.

(a)

When portions of the Internal Revenue Code incorporated by reference as provided in subsection (2) of this section are later corrected by an Act or a Title within an Act of the United States Congress designated as an Act or Title making technical corrections, then notwithstanding the date that the Act or Title becomes law, those portions of the Internal Revenue Code, as so corrected, shall be the portions of the Internal Revenue Code incorporated by reference as provided in subsection (2) of this section and shall take effect, unless otherwise indicated by the Act or Title (in which case the provisions shall take effect as indicated in the Act or Title), as if originally included in the provisions of the Act being technically corrected. If, on account of this subsection, any adjustment is required to an Oregon return that would otherwise be prevented by operation of law or rule, the adjustment shall be made, notwithstanding any law or rule to the contrary, in the manner provided under ORS 314.135 (Computation).

(b)

As used in this subsection, “Act or Title” includes any subtitle, division or other part of an Act or Title. [1993 c.730 §2; 1995 c.556 §34; 1997 c.839 §64; 1999 c.90 §7; 2001 c.660 §34; 2003 c.77 §11; 2005 c.832 §24; 2007 c.614 §11; 2008 c.45 §12; 2009 c.5 §22; 2009 c.909 §23; 2010 c.82 §23; 2011 c.7 §22; 2012 c.31 §21; 2013 c.377 §21; 2014 c.52 §23; 2015 c.442 §15; 2016 c.33 §18; 2017 c.527 §19; 2018 c.101 §19; 2019 c.319 §19; 2021 c.456 §20]

Source: Section 315.004 — Definitions; adoption of parts of Internal Revenue Code and application of federal laws and regulations; technical corrections, https://www.­oregonlegislature.­gov/bills_laws/ors/ors315.­html.

315.004
Definitions 315.037
Tax expenditures applicable for limited time 315.044
Statement of purpose 315.047
List of tax credits with revenue impact in excess of projection 315.051
Report by Legislative Revenue Officer 315.052
Limitation on transfer or sale of credit 315.053
Restriction on types of transferees 315.054
Federal tax credits allowable only as specified 315.056
Conditions for transfer of tax credit 315.058
Agency to provide tax credit approval information to Department of Revenue 315.061
Suspension, revocation or forfeiture 315.063
Waiver of substantiation by Department of Revenue 315.068
Claim of right income repayment adjustments 315.104
Reforestation 315.106
Reforestation credit preliminary certificate 315.108
Annual reforestation credit cost limitation 315.111
Legislative declarations regarding riparian land conservation 315.113
Voluntary removal of riparian land from farm production 315.117
Legislative findings and declarations regarding on-farm processing 315.119
On-farm processing facilities 315.123
Minimum production and processing volume requirements 315.138
Screening devices, by-pass devices or fishways 315.141
Biomass production or collection 315.144
Transfer of biomass credit 315.154
Definitions for crop donation credit 315.156
Crop donation 315.163
Definitions for ORS 315.163 to 315.169 315.164
Agriculture workforce housing projects 315.167
Agriculture workforce housing credit application 315.169
Agriculture workforce housing contributor credit 315.171
Tax credit limit for biennium 315.174
Livestock killed by wolf 315.176
Bovine manure production or collection 315.184
Annual limitation on total amount of tax credits 315.204
Dependent care assistance 315.208
Dependent care facilities 315.213
Contributions to Office of Child Care 315.237
Employee and dependent scholarship program payments 315.262
Working family child care 315.264
Working family household and dependent care expenses 315.266
Earned income 315.271
Individual development accounts 315.272
Certain individual development account withdrawals 315.304
Pollution control facilities 315.326
Renewable energy development contributions 315.329
Funding in lieu of tax credit certification 315.331
Energy conservation projects 315.336
Transportation projects 315.341
Renewable energy resource equipment manufacturing facilities 315.354
Energy conservation facilities 315.356
Other grants as offset to cost of energy conservation facility 315.357
Time limit applicable to energy conservation tax credit 315.465
Biofuels and fuel blends 315.469
Biodiesel used in home heating 315.506
New business facility in reservation enterprise zone or reservation partnership zone 315.507
Electronic commerce in designated enterprise zone 315.508
Recordkeeping requirements 315.514
Film production development contributions 315.516
Funding in lieu of tax credit certification 315.517
Water transit vessels 315.523
Employee training 315.526
Short title 315.529
Definitions 315.533
Qualified equity investments 315.536
Transferability of credit 315.591
Definitions 315.593
Short line railroad rehabilitation projects 315.595
Preliminary certification 315.597
Final certification 315.599
Fees 315.603
Tax credit limit for biennium 315.610
Long term care insurance 315.613
Credit available to persons providing rural medical care and affiliated with certain rural hospitals 315.616
Additional providers who may qualify for credit 315.619
Credit for medical staff at type C hospital 315.622
Rural emergency medical services providers 315.624
Medical care to residents of Oregon Veterans’ Home 315.628
Health care services under TRICARE contract 315.631
Certification of health care providers 315.640
University venture development fund contributions 315.643
Opportunity Grant contributions 315.646
Funding in lieu of tax credit certification 315.650
Higher education savings account or ABLE account contributions 315.653
Forfeiture of prior tax relief 315.675
Trust for Cultural Development Account contributions
Green check means up to date. Up to date

Current through early 2024

§ 315.004’s source at oregon​.gov