Oregon Statutes
§ 315.137 — Calendar year limitation on credits allowed all taxpayers
Oregon § 315.137
JurisdictionOregon
Vol.8
Title 29Revenue and Taxation
Ch. 315Personal and Corporate Income or Excise Tax Credits
This text of Oregon § 315.137 (Calendar year limitation on credits allowed all taxpayers) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Or. Rev. Stat. § 315.137 (2026).
Text
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.
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Related
Legislative History
2022 c.115 §11
Nearby Sections
15
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Bluebook (online)
Oregon § 315.137, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/315.137.