Annual limitation on total amount of tax credits
- • proportionate reduction
The total amount claimed for tax credits for the production or collection of bovine manure under ORS 315.176 (Bovine manure production or collection) may not exceed $5 million for all taxpayers for any tax year. If the State Department of Agriculture receives applications for the credit sufficient to exceed this amount, the department shall by rule proportionately reduce the amount of certified credits among all taxpayers applying for the credit. [2017 c.610 §10]
Note: See note under 315.179 (Transferability of credit).
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.