OAR 123-401-0300: Taxpayer Eligibility

To be eligible for certification required to claim the Research and Development Tax Credit for Semiconductors, a taxpayer must meet all of the following requirements as well as any additional requirements specified in statute or applicable administrative rules: (1) Be a qualified semiconductor company; (2) Incur qualified research expenses or basic research payments in Oregon, in the tax year for which the certification is being requested; and (3) Be subject to personal income taxes under ORS chapter 316 or corporate excise taxes under ORS chapter 317.