OAR 123-635-0000: 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 (2) Does not control or bind the Department of Revenue and is superseded by OAR chapter 150 in matters related to tax administration.