Oregon Statutes - Chapter 315 - Personal and Corporate Income or Excise Tax Credits - Section 315.054 - Federal tax credits allowable only as specified.

No credits applied directly to the income tax calculated for federal purposes pursuant to the Internal Revenue Code shall be applied in calculating the tax due under ORS chapter 314, 316, 317 or 318 except those prescribed in this chapter or ORS chapter 314, 316, 317 or 318. [1993 c.730 §4 (enacted in lieu of 316.107)]

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Last modified: August 7, 2008