The total amount allowed for tax credits for overtime wages under ORS § 315.133, as acknowledged in notices provided by the Department of Revenue under ORS § 315.136, may not exceed $55 million for all taxpayers for any calendar year. If the department receives applications for the credit sufficient to exceed this amount, the department shall by rule proportionately reduce the amount of certified credits among all taxpayers applying for the credit. [2022 c.115 § 11]

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Section 12, chapter 115, Oregon Laws 2022, provides:

Section 8 of this 2022 Act [315.133] applies to tax years beginning on or after January 1, 2023. [2022 c.115 § 12]