For the purposes of this division of administrative rules, in addition to definitions found in ORS 315.518 to 315.522, the following terms have the meanings set forth below:

1. (1) “Act” means Oregon Laws 2023, chapter 298, sections 1 through 12 (Enrolled House Bill 2009)
2. (2) “Application” means the form prescribed by the Oregon Business Development Department that a qualified semiconductor company must submit to the department to request certification.
3. (3) “Authorized representative” means a Company’s Chief Executive Officer, Chief Financial Officer, Controller, or another senior level financial officer of a company.
4. (4) “Certification” means the written determination of eligibility by the department necessary for the taxpayer to claim the Research and Development Tax Credit for Semiconductors.
5. (5) “Qualified semiconductor company” has the meaning given to that term in ORS 315.518(1).
6. (6) “Research and Development Tax Credit for Semiconductors” means the tax credit allowed under ORS 315.518 to 315.522 and applicable administrative rules.

Statutory/Other Authority

ORS 285A.075

Statutes/Other Implemented

ORS 315.518 - 315.522 & Oregon Laws 2023, chapter 298, section 5

History

OBDD 16-2024, adopt filed 07/01/2024, effective 07/01/2024