Department of Revenue
Chapter 150
Division 315
PERSONAL INCOME TAX CREDITS
150-315-0016
Change of Ownership
If there is a change of ownership between when the project is completed and when the forest is established, only the initial owner (investor) will qualify for the total credit. If the forest is not established, the initial owner must repay the initial credit. The new owner does not qualify for any credit for the project the initial owner started.
Statutory/Other Authority: ORS 305.100
Statutes/Other Implemented: ORS 315.104
History:
Renumbered from 150-315.104(5), REV 45-2016, f. 8-12-16, cert. ef. 9-1-16
RD 7-1993, f. 12-30-93, cert. ef. 12-31-93, Renumbered from 150-316.094(6)
TC 8-1980, f. 11-28-80, cert. ef. 12-31-80