(1) A credit against taxes shall be allowed for voluntary contributions in money made in the taxable year:
(a) To a major political party qualified under ORS 248.006 or to a committee thereof or to a minor political party qualified under ORS 248.008 or to a committee thereof.
(b) To or for the use of a person who must be a candidate for nomination or election to a federal, state or local elective office in any primary election, general election or special election in this state. The person must, in the calendar year in which the contribution is made, either be listed on a primary election, general election or special election ballot in this state or have filed in this state one of the following:
(A) A prospective petition;
(B) A declaration of candidacy;
(C) A certificate of nomination; or
(D) A designation of a principal campaign committee.
(c) To a political committee, as defined in ORS 260.005, if the political committee has certified the name of its treasurer to the filing officer, as defined in ORS 260.005, in the manner provided in ORS chapter 260.
(2) The credit allowed by subsection (1) of this section shall be the lesser of:
(a) The total contribution, not to exceed $50 on a separate return; the total contribution, not to exceed $100 on a joint return; or
(b) The tax liability of the taxpayer.
(3) The claim for tax credit shall be substantiated by submission, with the tax return, of official receipts of the candidate, agent, political party or committee thereof or political committee to whom contribution was made. [1969 c.432 §2; 1973 c.119 §3; 1975 c.177 §1; 1977 c.268 §1; 1979 c.190 §413; 1985 c.802 §6; 1987 c.293 §16; 1989 c.986 §1; 1993 c.797 §27; 1995 c.1 §19; 1995 c.712 §104; 1999 c.999 §27]Section: Previous 316.093 316.094 316.095 316.096 316.097 316.098 316.099 316.102 316.103 316.104 316.105 316.106 316.107 316.108 316.109 Next
Last modified: August 7, 2008