Title 29, Revenue and Taxation
20 chapters · 1,901 sections in this title.
ORS 315.646 Funding in lieu of tax credit certification
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(1) In lieu of the issuance of certifications for tax credit under ORS 315.643 by the Higher Education Coordinating Commission, the Legislative Assembly may, no later than 30 days prior to the end of each fiscal year, appropriate to the commission for deposit into the Opportunity…
ORS 315.650 Higher education savings account or ABLE account contributions
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(1) A credit against taxes otherwise imposed under ORS chapter 316 shall be allowed for amounts contributed by the taxpayer during the tax year to a savings network account for higher education established under ORS 178.300 to 178.360 or an ABLE account established under ORS 178.…
ORS 315.653 Forfeiture of prior tax relief; disallowed withdrawal or distribution
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(1) As provided in subsection (2) of this section, prior tax relief afforded a taxpayer by virtue of the credit allowed under ORS 315.650 shall be forfeited if any of the following are taken: (a) A nonqualified withdrawal from an account, as defined in ORS 178.300; (b) A withdraw…
ORS 315.675 Trust for Cultural Development Account contributions
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(1) As used in this section, cultural organization means an entity that is: (a) Exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code; and (b) Organized primarily for the purpose of producing, promoting or presenting the arts, heritage, programs an…