Oregon Revised Statutes Chapter 315 § 315.137 — Calendar year limitation on credits allowed all taxpayers
Oregon Revised Statutes Chapter 315 ·
Oregon Code § 315.137·Enacted ·Last updated March 01, 2026
Statute Text
Calendar year limitation on credits allowed all taxpayers.
The total amount allowed for tax
credits for overtime wages under ORS 315.133, as acknowledged in notices
provided by the Department of Revenue under ORS 315.136, may not exceed $55
million for all taxpayers for any calendar year. If the department 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. [2022 c.115 §11]
Note:
Section 12, chapter 115, Oregon
Laws 2022, provides:
Sec. 12.
Section 8 of this 2022 Act
[315.133] applies to tax years beginning on or after January 1, 2023. [2022
c.115 §12]
Plain English Explanation
This Oregon statute addresses Calendar year limitation on credits allowed all taxpayers. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 315.137
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Calendar year limitation on credits allowed all taxpayers. Read the full statute text above for details.
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The formal citation is Oregon Code § 315.137. Use this format in legal documents and court filings.
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