(1) The personal income tax estimate is derived from:
- (a) Reported number of workers hired or retained as a result of investment in an eligible project under the Strategic Investment Program ORS 285C.615; and
- (b) The Department of Revenue’s annual Oregon Personal Income Tax Statistics (150-101-406) report.
- (2) A tax rate is determined based on the reported average pay per average eligible worker.
- (3) Labor earnings are multiplied by the project tax rate for an income level equal to that of the wages paid to the average eligible worker.
Statutory/Other Authority
ORS 285C.615(7) & 285C.635(4)
Statutes/Other Implemented
ORS 285C.600 - 285C.626 & 285C.635
History
DAS 1-2013, f. & cert. ef. 7-31-13