Oregon Code § 317.129·Enacted ·Last updated March 01, 2026
Statute Text
Tax
payments of long term enterprise zone facilities credit claimants.
Notwithstanding ORS 317.850,
corporate income or excise tax payments of a taxpayer allowed a tax credit
under ORS 317.124 shall be deposited in the Long Term Enterprise Zone Fund
established in ORS 317.127, to the extent those payments do not exceed an amount
estimated by the Department of Revenue to equal 30 percent of the tax credit
threshold amount determined under ORS 317.124 (7) plus 30 percent of any
remaining qualified tax liability of the taxpayer under ORS 317.124 after
allowance of the credit. [2001 c.292 §10]
Plain English Explanation
This Oregon statute addresses Tax
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 317.129
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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