Oregon Statutes 317.125 – Other tax credits limited; exception
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Notwithstanding any other provision of law creating a tax credit against corporate excise or income taxes, a taxpayer claiming a tax credit under ORS § 317.124 may not claim any type of tax credit otherwise authorized by law against taxes that are otherwise due under this chapter that are equal to or less than the tax credit threshold amount computed under ORS § 317.124 (7), to the extent the taxpayer offsets the taxpayer’s tax liability for the tax year with a credit allowed under ORS § 317.124. Notwithstanding ORS § 314.078, a taxpayer may forgo using a tax credit otherwise allowed under ORS § 317.124 in order to use other tax credits in a tax year. [2001 c.292 § 9; 2005 c.667 § 4]
