Oregon Law
Law as of Jan 1, 2026
Chapter contents
315.001[Enacted as 1953 c.308 §1; repealed by 1965 c.26 §6] 315.002[Enacted as 1953 c.308 §2; repealed by 1965 c.26 §6] 315.003[Enacted as 1953 c.308 §3; repealed by 1965 c.26 §6] 315.004Definitions; adoption of parts of Internal Revenue Code and application of federal laws and regulations; technical corrections 315.005[Repealed by 1965 c.26 §6] 315.010[Amended by 1953 c.325 §3; repealed by 1965 c.26 §6] 315.015[Repealed by 1965 c.26 §6] 315.020[Repealed by 1965 c.26 §6] 315.025[Repealed by 1965 c.26 §6] 315.030[Repealed by 1965 c.26 §6] 315.035[Repealed by 1965 c.26 §6] 315.037Tax expenditures applicable for limited time 315.040[Repealed by 1965 c.26 §6] 315.044Statement of purpose 315.045[Repealed by 1965 c.26 §6] 315.047List of tax credits with revenue impact in excess of projection 315.050[2009 c.913 §53; 2013 c.750 §45; renumbered 315.037 in 2015] 315.051Report by Legislative Revenue Officer 315.052Limitation on transfer or sale of credit 315.053Restriction on types of transferees 315.054Federal tax credits allowable only as specified 315.055[Repealed by 1965 c.26 §6] 315.056Conditions for transfer of tax credit 315.058Agency to provide tax credit approval information to Department of Revenue 315.060[Repealed by 1965 c.26 §6] 315.061Suspension, revocation or forfeiture 315.063Waiver of substantiation by Department of Revenue; rules 315.065[Repealed by 1965 c.26 §6] 315.068Claim of right income repayment adjustments 315.070[Repealed by 1965 c.26 §6] 315.075[Repealed by 1965 c.26 §6] 315.080[Repealed by 1965 c.26 §6] 315.085[Repealed by 1965 c.26 §6] 315.090[Repealed by 1965 c.26 §6] 315.095[Repealed by 1965 c.26 §6] 315.104Reforestation; rules 315.105[Repealed by 1965 c.26 §6] 315.106Reforestation credit preliminary certificate; application; limitation calculation; rules; fee 315.108Annual reforestation credit cost limitation 315.110[Amended by 1953 c.665 §2; repealed by 1965 c.26 §6] 315.111Legislative declarations regarding riparian land conservation 315.113Voluntary removal of riparian land from farm production; rules 315.115[Repealed by 1965 c.26 §6] 315.117Legislative findings and declarations regarding on-farm processing 315.119On-farm processing facilities 315.120[Amended by 1953 c.132 §3; repealed by 1965 c.26 §6] 315.123Minimum production and processing volume requirements; record- keeping requirements 315.124Small forestland owner using standard practice harvest restrictions; rules 315.125[Enacted as 1953 c.197 §2; repealed by 1965 c.26 §6] 315.126Certification of eligibility from State Forestry Department; notice of operation; irrevocable deed restriction; department to maintain records 315.128Calculation of credit amount 315.130Revocation upon timber harvest or removal of harvest restriction; liability for tax; penalties 315.132Credit allowed for current certifications following repeal or expiration 315.133Overtime compensation paid to agricultural workers 315.134[1993 c.730 §10 (enacted in lieu of 316.084, 317.133 and 318.080); 1995 c.54 §3; repealed by 2011 c.83 §13] 315.135Calculation of credit amount 315.136Notice of acknowledgment in support of credit; application 315.137Calendar year limitation on credits allowed all taxpayers 315.138Screening devices, by-pass devices or fishways; rules 315.141Biomass production or collection; fee; rules; documentation 315.144Transfer of biomass credit; rules 315.148[1993 c.730 §14 (enacted in lieu of 316.098, 317.150 and 318.102); 1995 c.54 §4; repealed by 1999 c.21 §38] 315.154Definitions for crop donation credit 315.155[Repealed by 1965 c.26 §6] 315.156Crop donation; forms 315.160[Repealed by 1965 c.26 §6] 315.163Definitions for ORS 315.163 to 315.169 315.164Agriculture workforce housing projects; rules 315.165[Repealed by 1965 c.26 §6] 315.167Agriculture workforce housing credit application; procedure; rules 315.169Agriculture workforce housing contributor credit; transfer of agriculture workforce housing owner or operator credit; continued eligibility; rules 315.170[Repealed by 1965 c.26 §6] 315.171Tax credit limit for biennium 315.172[2001 c.868 §4; 2003 c.588 §15; 2013 c.750 §23; repealed by 2019 c.483 §25] 315.174[2012 c.65 §2; repealed by 2025 c.36 §4] 315.175[Repealed by 1965 c.26 §6] 315.176Bovine manure production or collection; rules 315.179[2017 c.610 §8; repealed by 2019 c.483 §25] 315.180[Repealed by 1965 c.26 §6] 315.181[2017 c.610 §9; repealed by 2019 c.483 §25] 315.184Annual limitation on total amount of tax credits; proportionate reduction 315.185[Repealed by 1965 c.26 §6] 315.190[Repealed by 1965 c.26 §6] 315.195[Repealed by 1965 c.26 §6] 315.200[Repealed by 1965 c.26 §6] 315.204Dependent care assistance; rules 315.205[Repealed by 1965 c.26 §6] 315.208Dependent care facilities 315.210[Repealed by 1965 c.26 §6] 315.213Contributions to Office of Child Care 315.215[Repealed by 1965 c.26 §6] 315.234[1993 c.730 §26 (enacted in lieu of 316.133 and 317.134); 1995 c.54 §6; 1995 c.746 §49; repealed by 2005 c.94 §81] 315.237Employee and dependent scholarship program payments 315.254[1993 c.730 §28 (enacted in lieu of 316.151, 317.141 and 318.085); repealed by 2009 c.33 §19] 315.255[Repealed by 1965 c.26 §6] 315.259[1995 c.648 §2; 1997 c.325 §38; 1999 c.59 §78; 1999 c.741 §1; 2012 c.37 §83; repealed by 2013 c.176 §7] 315.260[Repealed by 1965 c.26 §6] 315.262Working family child care; rules 315.264Working family household and dependent care expenses; rules 315.265[Repealed by 1965 c.26 §6] 315.266Earned income; use of individual taxpayer identification number in alternative; rules 315.270[Repealed by 1965 c.26 §6] 315.271Individual development accounts 315.272Certain individual development account withdrawals 315.273Qualifying child of taxpayer 315.274[1999 c.1088 §2; 2001 c.660 §57; 2003 c.77 §13; repealed by 2011 c.83 §13] 315.275[Repealed by 1965 c.26 §6] 315.276Quarterly payments based on annual advance amount 315.278Reconciliation of quarterly payment amounts 315.279Commencement of quarterly payments 315.280[Amended by 1953 c.148 §3; repealed by 1965 c.26 §6] 315.281Definitions for credit allowed for sale of publicly supported housing 315.283Sale of publicly supported housing; rules 315.285[Repealed by 1965 c.26 §6] 315.286Reservation of credit; application to Housing and Community Services Department 315.288[2023 c.490 §21; repealed by 2024 c.52 §8] 315.290[Repealed by 1965 c.26 §6] 315.291Calendar year limitation on credits allowed all taxpayers 315.295[Repealed by 1965 c.26 §6] 315.304Pollution control facilities 315.305[Repealed by 1965 c.26 §6] 315.310[Repealed by 1965 c.26 §6] 315.311[1995 c.746 §33; 1997 c.325 §40; repealed by 2011 c.83 §13] 315.315[Repealed by 1965 c.26 §6] 315.320[Repealed by 1965 c.26 §6] 315.324[1993 c.730 §32 (enacted in lieu of 316.103 and 317.106); 1995 c.746 §7; repealed by 2011 c.83 §13] 315.325[Repealed by 1965 c.26 §6] 315.326Renewable energy development contributions; auction of tax credits; certification; rules 315.329Funding in lieu of tax credit certification 315.330[Repealed by 1965 c.26 §6] 315.331Energy conservation projects 315.335[Repealed by 1965 c.26 §6] 315.336Transportation projects 315.340[Repealed by 1965 c.26 §6] 315.341Renewable energy resource equipment manufacturing facilities 315.345[Repealed by 1965 c.26 §6] 315.350[Repealed by 1965 c.26 §6] 315.354Energy conservation facilities 315.355[Repealed by 1965 c.26 §6] 315.356Other grants as offset to cost of energy conservation facility; changes in eligibility for participation in other programs 315.357Time limit applicable to energy conservation tax credit 315.360[Amended by 1953 c.132 §3; repealed by 1965 c.26 §6] 315.365[Repealed by 1965 c.26 §6] 315.455[Repealed by 1965 c.26 §6] 315.460[Repealed by 1965 c.26 §6] 315.465Biofuels and fuel blends 315.469Biodiesel used in home heating 315.504[1993 c.730 §38 (enacted in lieu of 316.104 and 317.140); repealed by 2005 c.80 §7] 315.505[Repealed by 1965 c.26 §6] 315.506New business facility in reservation enterprise zone or reservation partnership zone 315.507Electronic commerce in designated enterprise zone 315.508Recordkeeping requirements; disallowance of credit 315.510[Repealed by 1965 c.26 §6] 315.511[2001 c.957 §15; repealed by 2011 c.83 §15] 315.514Film production development contributions; auction of tax credits; rules 315.515[Repealed by 1965 c.26 §6] 315.516Funding in lieu of tax credit certification 315.517Water transit vessels 315.518Research conducted by semiconductor company 315.519Refundability of tax credit 315.520[Repealed by 1965 c.26 §6] 315.521[2005 c.592 §5; 2013 c.750 §42; 2016 c.31 §2; 2019 c.483 §15; renumbered 315.640 in 2019] 315.522Certification; application to Oregon Business Development Department; fees; rules 315.523Employee training 315.525[Repealed by 1965 c.26 §6] 315.526Short title 315.529Definitions 315.530[Repealed by 1965 c.26 §6] 315.533Qualified equity investments 315.535[Repealed by 1965 c.26 §6] 315.536Transferability of credit 315.540[Repealed by 1965 c.26 §6] 315.545[Repealed by 1965 c.26 §6] 315.550[Repealed by 1965 c.26 §6] 315.555[Repealed by 1965 c.26 §6] 315.560[Repealed by 1965 c.26 §6] 315.570[Repealed by 1965 c.26 §6] 315.575[Repealed by 1965 c.26 §6] 315.580[Repealed by 1965 c.26 §6] 315.585[Repealed by 1965 c.26 §6] 315.590[Repealed by 1965 c.26 §6] 315.591Definitions 315.593Short line railroad rehabilitation projects; rules 315.595Preliminary certification; application; allocation priority; rules 315.597Final certification; rules 315.599Fees; appropriation for expenses 315.601[2019 c.579 §12; repealed by 2021 c.528 §28] 315.603Tax credit limit for biennium 315.604[1993 c.730 §40 (enacted in lieu of 316.155 and 317.149); 2009 c.595 §204; repealed by 2011 c.83 §15] 315.606[2019 c.579 §14; repealed by 2021 c.528 §28] 315.610Long term care insurance 315.613Credit available to persons providing rural medical care and affiliated with certain rural hospitals 315.616Additional providers who may qualify for credit 315.619Credit for medical staff at type C hospital 315.622Rural emergency medical services providers; annual report to Legislative Assembly 315.624Medical care to residents of Oregon Veterans’ Home 315.628Health care services under TRICARE contract 315.631Certification of health care providers; reports 315.640University venture development fund contributions 315.643Opportunity Grant contributions; auction of tax credits; certification; rules 315.646Funding in lieu of tax credit certification 315.650Higher education savings account or ABLE account contributions 315.653Forfeiture of prior tax relief; disallowed withdrawal or distribution 315.675Trust for Cultural Development Account contributions

Chapter 315 — Personal and Corporate Income or Excise Tax Credits

ORS 315.137 Calendar year limitation on credits allowed all taxpayers

The total amount allowed for tax credits for overtime wages under ORS 315.133, as acknowledged in notices provided by the Department of Revenue under ORS 315.136, may not exceed $55 million for all taxpayers for any calendar year. If the department receives applications for the credit sufficient to exceed this amount, the department shall by rule proportionately reduce the amount of certified credits among all taxpayers applying for the credit. [2022 c.115 §11]

Note: Section 12, chapter 115, Oregon Laws 2022, provides:

Sec. 12. Section 8 of this 2022 Act [315.133] applies to tax years beginning on or after January 1, 2023.

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Provenance

Version history

2026-01-01

2025 Oregon Revised Statutes — official online source