Form 150-102-046 - Reservation Enterprise Zone Tax Credit Worksheet - Oregon Department Of Revenue Page 2
Download a blank fillable Form 150-102-046 - Reservation Enterprise Zone Tax Credit Worksheet - Oregon Department Of Revenue in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 150-102-046 - Reservation Enterprise Zone Tax Credit Worksheet - Oregon Department Of Revenue with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2Instructions For Reservation Enterprise Zone Tax Credit Worksheet
Corporations. For tax years 2012 and later, the credit is
A tax credit is available to an eligible business for tribal
claimed on Oregon Schedule ASC-CORP, 150-102-033) as
tax paid when operating a qualified new business facil-
an Other credit. For tax years 2011 and prior, enter the
ity conducting revenue producing operations within a
credit directly on your corporation tax return.
reservation enterprise zone.
Nonresident and part-year resident personal income
“Tribal tax” includes, but is not limited to, an income or
taxpayers who meet the eligibility requirements may
excise tax, an ad valorem property tax, a gross receipts
receive a credit. The credit must be multiplied by the
tax, or a sales and use tax.
Oregon percentage on Form 40N or 40P (ORS 316.117).
What qualifies a business to claim this credit?
If a change in the taxable year of a taxpayer occurs as
described in ORS 314.085, or if the Department of Rev-
To qualify, a new business facility must be acquired on
enue terminates the taxpayer’s taxable year under ORS
or after January 1, 2002, be located within a reservation
314.440, the credit allowed under this section shall be
enterprise zone, and be operating a revenue producing
prorated or computed in a manner consistent with ORS
enterprise, other than leasing the facility to another
314.085. Keep a schedule of your computations with this
person. Tribal designation of a reservation enterprise
worksheet.
zone is certified by the Oregon Business Development
Department (dba Business Oregon).
Is the worksheet attached to the tax return
The following do not qualify:
when filed?
• A facility that is used in the same enterprise as it was
Do not attach the worksheet to your tax return. Keep the
previously used.
completed worksheet with your tax records. Upon audit
• Property that replaces existing property that does not
or examination, make the information available to the
expand the capacity of the enterprise.
department to verify any credit claimed.
• Activities as a lessor.
When may the credit be claimed?
Who may claim the credit?
The credit may be claimed for the tax year in which the
Eligible businesses located in Oregon reservation enter-
new business facility is placed in service, beginning on
prise zones may claim the credit. The credit is available
or after January 1, 2002.
to individuals, partnerships, and corporations.
Have questions? Need help?
How is the credit computed?
To determine if you qualify for this credit, contact the
The amount of the credit is:
Oregon Business Development Department (dba Busi-
ness Oregon):
• The amount of tribal property tax imposed on a new
Internet ....................................
business facility of an eligible business that is paid or
Telephone ................................................ 503-986-0123
incurred during the year; or
• The amount of tribal tax paid or incurred by the eli-
General tax information
gible business during the year, if the eligible business
Salem ....................................................... 503-378-4988
has not previously conducted business operations
Toll-free from an Oregon prefix ........ 1-800-356-4222
within the reservation enterprise zone.
Asistencia en español:
The credit is based on the applicable tribal tax paid or
En Salem o fuera de Oregon ................. 503-378-4988
incurred during the personal income or corporation
Gratis de prefijo de Oregon ............... 1-800-356-4222
excise or income tax year.
TTY (hearing or speech impaired; machine only):
The credit may not exceed the tax liability of the tax-
Salem area or outside Oregon .............. 503-945-8617
Toll-free from an Oregon prefix ........ 1-800-886-7204
payer and may not be carried forward to a succeeding
year.
Americans with Disabilities Act (ADA): Call one of
the help numbers above for information in alternative
The credit cannot be used to offset the minimum corpo-
formats.
ration excise tax.
150‑102‑046 (Rev. 10‑12)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form 150-102-046 - Reservation Enterprise Zone Tribal Tax Credit - Oregon Department Of Revenue
Financial
Form K-3 - Kentucky Employer's Income Tax Withheld Worksheet - Kentucky Department Of Revenue
Financial
Form Rev 41 0056 - Small Business B&o Tax Credit Worksheet - Washington Department Of Revenue
Financial
Related Categories
Parent category: Financial