Purpose and Scope

This division of administrative rules: (1) Specifies procedures and criteria for certification under the Oregon Investment Advantage Act to exempt the business income of qualified facilities from State income or corporate excise taxation under ORS 316.778 or 317.391, in order to spur investments in new Oregon operations with new full-time employees (earning certain average wages and minimum compensation levels) at qualifying facilities in counties exhibiting the worst per capita incomes and unemployment rates statewide. (2) Does not control or bind the Department of Revenue and is superseded by OAR chapter 150 in matters related to tax administration. Statutory/Other Authority: ORS 285A.075 Statutes/Other Implemented: ORS 285C.495, 285C.500 – 285C.506, 316.778 & 317.391 History: OBDD 13-2020, amend filed 08/12/2020, effective 08/12/2020 OBDD 12-2017, amend filed 11/29/2017, effective 11/29/2017 OBDD 5-2016, f. & cert. ef. 3-28-16 OBDD 4-2011, f. 8-31-11, cert. ef. 9-1-11 Renumbered from 123-155-0000, OBDD 1-2011, f. & cert. ef. 1-3-11 OBDD 5-2010, f. 1-29-10, cert. ef. 2-1-10 EDD 1-2009, f. 2-23-09, cert. ef. 2-24-09 EDD 9-2005, f. & cert. ef. 11-4-05 EDD 17-2002, f. 11-27-02, cert. ef. 12-2-02