Form 150-102-128 - Qualified Research Activities Credit - Oregon Department Of Revenue Page 2
Download a blank fillable Form 150-102-128 - Qualified Research Activities Credit - 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 150-102-128 - Qualified Research Activities Credit - 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 Qualified Research Activities Credit
What types of research qualify for the credit?
Part I, line 2
This credit is allowed for increases in qualified research
The “Base Period Amount” shall include only those
expenses and basic research payments. It is allowed only
amounts paid or incurred in Oregon and is computed
for qualified research and basic research conducted in
using IRC §41(e).
Oregon. The current year credit and any credit carryfor-
ward from prior years are reported separately.
Part II, line 5
Note: If you claim a Qualified Research Activities credit
Computation of the “Fixed-Base Percentage” shall include
for Oregon, after you’ve calculated the credit, add it back
only those amounts paid or incurred in Oregon and is
to your taxable income amount as an “other addition” on
computed using IRC §41(c)(3) and §41(f)(4).
your Oregon return.
Part II, line 6
For tax years beginning on or after January 1, 2006 the
only requirement is that the research be conducted in
Enter the “Average Federal Gross Receipts” for the four
Oregon. For tax years beginning prior to January 1, 2006
tax years preceding the tax year for which the credit is
“qualified research” and “basic research” are research in
being determined. Refer to IRC §41(c)(1)(B) and §41(f)(4)
the fields of:
for details.
• Advanced computing.
What happens if the credit exceeds the tax?
• Advanced materials.
• Biotechnology.
The excess credit in tax years beginning on or after Janu-
• Electronic device technology.
ary 1, 1995 can be carried forward up to five years. The
• Environmental technology.
credit may not be used to offset the minimum excise tax.
• Straw utilization.
“Advanced computing” means leading edge technologies
When can the credit be claimed?
used in the design and development of computing hard-
For tax years beginning on or after January 1, 1989 and
ware and software. This includes innovations in design of
before January 1, 2018.
the full spectrum of hardware from hand-held calculators
to super computers, including all peripheral equipment.
What is the applicable law?
It also includes innovations in design and development
software executing on all computing hardware for any
Oregon Revised Statute (ORS) 317.152 to 317.154.
purpose.
“Advanced materials” means high value metals, com-
Taxpayer assistance
posites, plastics, and new and improved wood-based
General tax information ................
materials.
Salem ............................................................ 503-378-4988
“Biotechnology” means biochemistry, molecular biology,
Toll-free from Oregon prefix .................. 1-800-356-4222
genetics, and engineering dealing with the transformation
E-mail ..................................... corp.help.dor @ state.or.us
of biological systems into useful processes and products.
This e-mail address is not secure and confidentiality cannot
be ensured. General tax and policy questions only.
“Electronic device technology” means the design and
development of electronic materials and devices such as
Write to: Oregon Department of Revenue
advances in integrated circuits and superconductivity.
PO Box 14999
Salem OR 97309-0990
“Environmental technology” means environmental
assessment, cleanup, and alternative energy sources.
Asistencia en español:
Salem ............................................................ 503-378-4988
“Straw utilization” means innovations in the use of straw
Gratis de prefijo de Oregon .................... 1-800-356-4222
and straw-based materials.
TTY (hearing or speech impaired; machine only):
Part I, line 1
Salem ............................................................ 503-945-8617
Toll-free within Oregon .......................... 1-800-886-7204
A “Qualified Organization” means any of the following,
as described in IRC §41(e)(6):
Americans with Disabilities Act (ADA): Call one of the
help numbers for information in alternative formats.
• Educational institutions.
• Certain scientific research organizations.
• Scientific tax exempt organizations.
• Certain grant organizations.
150-102-128 (Rev. 10-12)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form Hpc - 2005 Application For Homestead Preservation Credit - Missouri Department Of Revenue
Financial
Form 150-102-046 - Reservation Enterprise Zone Tribal Tax Credit - Oregon Department Of Revenue
Financial
Form 150-102-044 - Worker's Compensation Insurance Tax Credit - Oregon Department Of Revenue
Financial
Related Categories
Parent category: Financial