Instructions For Form 150-102-128 - Qualified Research Activities Credit

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INSTRUCTIONS
materials and devices such as advances in
What types of research qualify
integrated circuits and super conductivity.
for the credit?
“Environmental technology” means environ-
This credit is allowed for increases in the
mental assessment, cleanup, and alternative
qualified research expenses and basic research
energy sources.
payments. It is only allowed for qualified
research and basic research conducted in
“Straw utilization” means innovations in the
Oregon.
use of straw and straw-based materials.
“Qualified research” and “basic research” are
Part I, line 2
research in the fields of:
The “Base Period Amount” shall include only
• advanced computing,
those amounts paid or incurred in Oregon and
• advanced materials,
is computed using Internal Revenue Code
• biotechnology,
Section 41(e).
• electronic device technology,
• environmental technology, or
Part II, line 5
• straw utilization.
Computation of the “Fixed-Base Percentage”
“Advanced computing” means leading edge
shall include only those amounts paid or
technologies used in the design and develop-
incurred in Oregon and is computed using
ment of computing hardware and software.
Internal Revenue Code Section 41(c)(3) and
This includes innovations in design of the full
41(f)(4).
spectrum of hardware from hand-held
Part II, line 6
calculators to super computers, including all
peripheral equipment. It also includes
Enter the “Average Federal Gross Receipts” for
innovations in design and development
the four tax years preceding the tax year for
software executing on all computing hard-
which the credit is being determined. Refer to
ware for any purpose.
Internal Revenue Code Section 41(c)(1)(B) and
41(f)(4) for details.
“Advanced materials” means high value
metals, composites, plastics, and new and
What happens if the credit
improved wood based materials.
exceeds the tax?
“Biotechnology” means biochemistry, molecu-
The excess credit in the tax years beginning
lar biology, genetics, and engineering dealing
on or after January 1, 1995 can be carried
with the transformation of biological systems
forward up to five years.
into useful processes and products.
What is the applicable law?
“Electronic device technology” means the
design and development of electronic
Oregon Revised Statute (ORS) 317.152 to 317.154.
150-102-128 (Rev. 7-96) (back)

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