To be eligible for certification required to claim the Research and Development Tax Credit for Semiconductors, a taxpayer must meet all of the following requirements as well as any additional requirements specified in statute or applicable administrative rules:
- (1) Be a qualified semiconductor company;
- (2) Incur qualified research expenses or basic research payments in Oregon, in the tax year for which the certification is being requested; and
- (3) Be subject to personal income taxes under ORS chapter 316 or corporate excise taxes under ORS chapter 317.
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