Oregon Corporation Excise Tax Form 20 Instructions - 2015 Page 3
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23Film production development contributions credit
Estimated tax payments
The Oregon film production development contributions
Requirements
credit is extended to tax years beginning before January 1,
2024 (ORS 315.514).
Oregon estimated tax laws aren’t the same as federal
Tax credit sunsets
estimated tax laws. You must make estimated tax pay-
ments if you expect to owe tax of $500 or more with your
Beginning January 1, 2015, the following tax credits are
return. This includes Oregon’s minimum tax.
no longer available, except for applicable carryforward
If you don’t make estimated payments as required, you
purposes:
may be subject to interest on underpayment of esti-
• Alternative fuel vehicle fund (auction) credit (Note fol-
mated tax (UND). If you have an underpayment, refer
lowing ORS 315.336).
to Form 37, Underpayment of Oregon Corporation Estimated
• Mile-based or time-based motor vehicle insurance
Tax, 150-102-037.
credit (Note following ORS 317.122).
Payment due dates
• Long-term care insurance (Repealed—ORS 315.610).
Estimated tax payments are due quarterly, as follows:
Looking ahead
• Calendar year filers: April 15, June 15, September 15,
Interstate broadcasters
and December 15.
• Fiscal year filers: The 15th day of the 4th, 6th, 9th, and
For tax years beginning on or after January 1, 2017, an
12th months of your fiscal year.
interstate broadcaster’s method of apportionment of
• If the due date falls on a Saturday, Sunday, or legal
business income will revert to pre-January 1, 2014 law
holiday, use the next regular business day.
and will be based on an estimate of Oregon’s national
Payment options
audience or subscribers’ share (ORS 314.684 and 314.680).
Important: For details about making payments with your
Listed foreign jurisdictions
return, see “Filing checklist.”
For tax years beginning on or after January 1, 2016, the
Estimated payments may be made by electronic funds
list of foreign jurisdictions that must be included in the
transfer (EFT), online, or by mail.
Oregon corporate excise tax return will change. The list
EFT. You must make your Oregon estimated payments
will include Guatemala and the Republic of Trinidad
by EFT if you’re required to make your federal estimated
and Tobago. Monaco is deleted from the list. The list will
payments by EFT. We may grant a waiver from participa-
also be updated to include the island nations of Bonaire,
tion in the EFT program if you would be disadvantaged
Curacao, Saba, Sint Maarten and Sint Eustatius (formerly
by the requirement (OAR 150-314.518).
the Netherlands Antilles) (ORS 317.715 and correspond-
ing administrative rules).
If you don’t meet the federal requirements for manda-
tory participation in the EFT program, you may partici-
Child Care Office contribution credit
pate on a voluntary basis.
Starting with tax years beginning on or after January 1,
A business is required to have an authorization agree-
2016, the calculation of the Child Care Office fund contri-
ment filed with us before it can start initiating EFT
bution credit is revised. The amount of credit is reduced
payments. The EFT help/message phone number is
from 75 percent to no more than 50 percent of the amount
(503) 947-2017.
contributed to the fund (ORS 315.213). Additionally, the
For more information, visit
credit is extended to tax years beginning before Janu-
ary 1, 2022.
EFT payments for corporation estimated taxes must be
made using our EFT program. This program allows pay-
Credits currently scheduled to sunset on
ments to be initiated by phone, a secure internet site, or
December 31, 2015
through your financial organization. If you pay by EFT,
• Dependent care assistance (ORS 315.204).
don’t send Form 20-V, Oregon Corporation Tax Payment
• Dependent care information and referral (ORS 315.204).
Voucher, 150-102-172.
• Energy transportation projects (ORS 315.336).
Online. See for more information.
• Qualified equity investment (ORS 315.533).
• University venture development fund contributions
Mail. If paying by mail, send each payment with a
(ORS 315.521).
Form 20-V payment voucher.
3
150-102-020-1 (Rev. 1-16)
Form 20 Instructions
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