OAR 603-020-0031: Suspension, Revocation, or Forfeiture of Tax Credit Approval

(1) The Director may order the suspension, revocation, or forfeiture of the tax credit approval or of a portion of the tax credit approval if the Director determines that: (a) Approval of a tax credit was obtained by fraud or misrepresentation; (b) Approval of a tax credit was obtained by mistake or miscalculation; or (c) The taxpayer otherwise violates or has violated a provision of ORS 315.176(1) – (6) or OAR Chapter 603 division 20. (2) The Director shall provide notification of suspension, revocation or forfeiture consistent with ORS Chapter 183, and may allow the opportunity for a contested case hearing if, upon receipt of the notification, the recipient timely files a written request for a contested case hearing within 30 days from the date of service of the notification. (3) As soon as an order of revocation becomes final, the Director shall notify the Department of Revenue and the person that received the tax credit certification of other approval, of the order.