The amount of credit that may offset tax on a consolidated Oregon return is not limited to the tax attributable to the corporation earning the credit. This provision applies to credits carried forward from years in which a separate or combined report is filed to years in which a consolidated return is filed, as well as current year credits.

Statutory/Other Authority

ORS 305.100

Statutes/Other Implemented

ORS 317.710

History

Renumbered from 150-317.710(5)(a)-(C), REV 69-2016, f. 8-15-16, cert. ef. 9-1-16
RD 7-1993, f. 12-30-93, cert. ef. 12-31-93