Oregon Statutes 348.616 – Minimum criteria for certification of employer program; rules
(1) The Higher Education Coordinating Commission shall develop and adopt rules that provide the minimum criteria that an employer must meet in order for the employer’s scholarship program for employees and dependents to be certified as eligible for the employee and dependent scholarship program tax credit provided under ORS § 348.621. The commission shall adopt rules to determine:
Terms Used In Oregon Statutes 348.616
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Dependent: A person dependent for support upon another.
(a) The types of educational programs, institutions and expenses related to the programs and institutions for which scholarships may be offered to employees and dependents, and scholarship moneys expended on their behalf;
(b) The types of employees and dependents to whom scholarships must be offered;
(c) The minimum and maximum annual dollar amounts of a scholarship that would be a qualified scholarship under ORS § 315.237;
(d) The minimum annual number of hours of instruction that a scholarship beneficiary must commit to in order to be eligible for a scholarship; and
(e) Any other requirements as the commission may provide.
(2) An employer must employ at least four full-time equivalent employees but no more than 250 employees in order to be certified as eligible for the employee and dependent scholarship program tax credit under ORS § 348.621.
(3) An employer seeking to claim the tax credit provided under ORS § 315.237 must apply to the Director of the Office of Student Access and Completion for both employee and dependent scholarship program certification under ORS § 348.618 and tax credit certification under ORS § 348.621. [2001 c.475 2,4; 2011 c.637 § 190; 2013 c.747 § 124; 2017 c.66 § 51]