Tax credits passed through to shareholders and not used entirely to offset the shareholders’ tax liabilities in the year of pass-through shall be carried forward by the shareholders. Such unused credits may not offset corporation tax liabilities in future years when C corporation status has been elected.

Statutory/Other Authority

ORS 305.100

Statutes/Other Implemented

ORS 314.732

History

Renumbered from 150-314.732(2)(d), REV 34-2016, f. 8-12-16, cert. ef. 9-1-16
RD 7-1991, f. 12-30-91, cert. ef. 12-31-91