Form 150-102-128 - Qualified Research Activities Credit - Oregon Department Of Revenue

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Qualified Research Activities Credit
Name of taxpayer (as shown on return)
Tax year
FEIN
BIN
Method 1—Credit Based on Federal Computation (ORS 317.152)
Part I. Payments for Basic Research: (Include only amounts paid or incurred in Oregon)
[Internal Revenue Code (IRC) §41(e)]
1. Basic Oregon research payments to qualified organizations .......................................................................1.
2. Less: Base period amount ...........................................................................................................................2.
3. Subtract line 2 from line 1. If less than zero, enter -0- .................................................................................3.
Part II. Qualified Research Expenses: (Include only amounts paid or incurred in Oregon)
[IRC §41(b)]
4. Qualified research expenses in Oregon for current tax year ........................................................................4.
%
5. Enter fixed-base percentage, but not more than 16 percent .......................................................................5.
6. Enter average federal gross receipts ...........................................................................................................6.
7. Base amount. Multiply line 6 by the percent on line 5 .................................................................................7.
8. Subtract line 7 from line 4. If less than zero, enter -0- .................................................................................8.
9. Multiply line 4 by 50 percent (0.50) ..............................................................................................................9.
10. Enter the lesser of line 8 or line 9 ...............................................................................................................10.
11. Add line 3 and line 10 .................................................................................................................................11.
12. Multiply line 11 by 5 percent (0.05) ............................................................................................................12.
13. Maximum credit— For tax years beginning on or after January 1, 2012: $1,000,000 ...............................13.
For tax years beginning on or after January 1, 2006 and before January 1, 2012: $2,000,000
For tax years beginning prior to January 1, 2006: $500,000
14. Research tax credit (lesser of lines 12 or 13) .............................................................................................14.
Method 2—Credit Based on Oregon Sales (ORS 317.154 and OAR 150-317.154)
1. Qualified research expenses in Oregon for current tax year ........................................................................1.
2. Oregon sales (per Oregon sales factor numerator) ......................................................................................2.
3. Multiply line 2 by 10 percent (0.10) ..............................................................................................................3.
4. Subtract line 3 from line 1. If less than zero, enter -0- .................................................................................4.
5. Multiply line 4 by 5 percent (0.05) ................................................................................................................5.
Qualified Research Expenses
6. Divide line 1 by line 2 ...................................................................................................................................6.
Oregon Sales
%
7. Percentage points. Multiply line 6 by 100 (example: 0.3025 x 100 = 30.25) ...............................................7.
-10.00
8. Excess percentage points. Subtract 10 (10.00) percent from line 7 (example: 30.25 - 10.00 = 20.25) ......8.
-100,000.00
9. Limitation. Multiply line 8 by $10,000 (example: 20.25 X $10,000 = $202,500) ...........................................9.
10. Maximum credit— For tax years beginning on or after January 1, 2012: $1,000,000 ...............................10.
For tax years beginning on or after January 1, 2006 and before January 1, 2012: $2,000,000
For tax years beginning prior to January 1, 2006: $500,000
11. Research tax credit (lesser of lines 5, 9, or 10) ..........................................................................................11.
Allowable Credit
Available Research Tax Credit. You may claim either line 14, Method 1; or line 11, Method 2 .............................
Carryover of unused credits from prior years .........................................................................................................
Note: The current year credit and any credit carryforward are claimed separately on the Oregon return.
Attach this form to your Oregon Corporation Tax Return
150-102-128 (Rev. 10-12)
Form Qualified Research Credit, page 1 of 1

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