2021 Oregon Revised Statutes
Chapter 315 - Personal and Corporate Income or Excise Tax Credits
Section 315.004 - Definitions; adoption of parts of Internal Revenue Code and application of federal laws and regulations; technical corrections.


(2)(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)(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.
(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]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 08 - Revenue and Taxation

Chapter 315 - Personal and Corporate Income or Excise Tax Credits

Section 315.004 - Definitions; adoption of parts of Internal Revenue Code and application of federal laws and regulations; technical corrections.

Section 315.037 - Tax expenditures applicable for limited time.

Section 315.047 - List of tax credits with revenue impact in excess of projection.

Section 315.051 - Report by Legislative Revenue Officer.

Section 315.053 - Restriction on types of transferees.

Section 315.056 - Conditions for transfer of tax credit.

Section 315.058 - Agency to provide tax credit approval information to Department of Revenue.

Section 315.061 - Suspension, revocation or forfeiture.

Section 315.068 - Claim of right income repayment adjustments.

Section 315.104 - Reforestation; rules.

Section 315.106 - Reforestation credit preliminary certificate; application; limitation calculation; rules; fee.

Section 315.108 - Annual reforestation credit cost limitation.

Section 315.113 - Voluntary removal of riparian land from farm production; rules.

Section 315.119 - On-farm processing facilities.

Section 315.123 - Minimum production and processing volume requirements; record- keeping requirements.

Section 315.138 - Screening devices, by-pass devices or fishways; rules.

Section 315.141 - Biomass production or collection; fee; rules; documentation.

Section 315.144 - Transfer of biomass credit; rules.

Section 315.154 - Definitions for crop donation credit.

Section 315.156 - Crop donation; forms.

Section 315.163 - Definitions for ORS 315.163 to 315.169.

Section 315.164 - Agriculture workforce housing projects; rules.

Section 315.167 - Agriculture workforce housing credit application; procedure; rules.

Section 315.169 - Agriculture workforce housing contributor credit; transfer of agriculture workforce housing owner or operator credit; continued eligibility; rules.

Section 315.174 - Livestock killed by wolf.

Section 315.176 - Bovine manure production or collection; rules.

Section 315.184 - Annual limitation on total amount of tax credits; proportionate reduction.

Section 315.204 - Dependent care assistance; rules.

Section 315.208 - Dependent care facilities.

Section 315.213 - Contributions to Office of Child Care.

Section 315.237 - Employee and dependent scholarship program payments.

Section 315.262 - Working family child care; rules.

Section 315.264 - Working family household and dependent care expenses; rules.

Section 315.266 - Earned income; use of individual taxpayer identification number in alternative; rules.

Section 315.271 - Individual development accounts.

Section 315.272 - Certain individual development account withdrawals.

Section 315.304 - Pollution control facilities.

Section 315.326 - Renewable energy development contributions; auction of tax credits; certification; rules.

Section 315.329 - Funding in lieu of tax credit certification.

Section 315.331 - Energy conservation projects.

Section 315.336 - Transportation projects.

Section 315.341 - Renewable energy resource equipment manufacturing facilities.

Section 315.354 - Energy conservation facilities.

Section 315.356 - Other grants as offset to cost of energy conservation facility; changes in eligibility for participation in other programs.

Section 315.357 - Time limit applicable to energy conservation tax credit.

Section 315.465 - Biofuels and fuel blends.

Section 315.469 - Biodiesel used in home heating.

Section 315.506 - New business facility in reservation enterprise zone or reservation partnership zone.

Section 315.507 - Electronic commerce in designated enterprise zone.

Section 315.508 - Recordkeeping requirements; disallowance of credit.

Section 315.514 - Film production development contributions; auction of tax credits; rules.

Section 315.516 - Funding in lieu of tax credit certification.

Section 315.517 - Water transit vessels.

Section 315.523 - Employee training.

Section 315.529 - Definitions.

Section 315.533 - Qualified equity investments.

Section 315.536 - Transferability of credit.

Section 315.591 - Definitions.

Section 315.593 - Short line railroad rehabilitation projects; rules.

Section 315.595 - Preliminary certification; application; allocation priority; rules.

Section 315.597 - Final certification; rules.

Section 315.599 - Fees; appropriation for expenses.

Section 315.610 - Long term care insurance.

Section 315.613 - Credit available to persons providing rural medical care and affiliated with certain rural hospitals.

Section 315.616 - Additional providers who may qualify for credit.

Section 315.619 - Credit for medical staff at type C hospital.

Section 315.622 - Rural emergency medical services providers.

Section 315.624 - Medical care to residents of Oregon Veterans’ Home.

Section 315.628 - Health care services under TRICARE contract.

Section 315.631 - Certification of health care providers; reports.

Section 315.640 - University venture development fund contributions.

Section 315.643 - Opportunity Grant contributions; auction of tax credits; certification; rules.

Section 315.646 - Funding in lieu of tax credit certification.

Section 315.650 - Higher education savings account or ABLE account contributions.

Section 315.653 - Forfeiture of prior tax relief; disallowed withdrawal or distribution.

Section 315.675 - Trust for Cultural Development Account contributions.