ORS 329A.706 Program implementation; tax credit certificates; rules

For the purpose of implementing the program established under ORS 329A.703, the Early Learning Council, in collaboration with the Department of Early Learning and Care, shall:

Adopt rules.

Identify child care goals that are consistent with the purposes provided in ORS 329A.703 (2). The goals identified under this paragraph shall take into account state resources and needs.

The department shall issue tax credit certificates in the chronological order in which the contributions are received by the department. The department shall issue tax credit certificates to contributors until the total value of all certificates issued by the department for the calendar year equals $500,000. Each issued certificate shall state the value of the contribution being certified as eligible for the tax credit allowed under ORS 315.213.

The department may not issue a tax credit certificate to a taxpayer to the extent the credit value to be certified, when added to the total credit value previously certified by the department under paragraph (a) of this subsection for the calendar year exceeds $500,000.

Qualified contributions shall be deposited in the Child Care Fund.

A taxpayer that receives a notice of denial of a tax credit certificate or that receives a tax credit certificate issued for an amount that is less than the amount contributed may request a refund for the amount contributed within 90 days of the denial or issuance of the certificate by the department. The department must send notice of a denial or changed amount and refund the amount for which a tax credit will not be granted within 30 days after receiving the request. The refund shall be made from the Child Care Fund.

The Early Learning Council may establish by rule any other provisions required to implement the program established under ORS 329A.700 to 329A.712.

The Department of Early Learning and Care shall provide information to the Department of Revenue about all tax credit certificates issued under subsection (2) of this section, if required by ORS 315.058.