Clear Form
Long-Term Enterprise Zone Facilities Credit
Name of corporation (as shown on return)
Federal employer identification number (FEIN)
Business identification number (BIN)
Tax year
Computation of tentative credit amount
1. Payroll and employee benefit costs at qualifying enterprise zone facility .................................................... 1
$
2. Credit percentage (62.5%) ............................................................................................................................ 2
0.625
3. Tentative credit (line 1 × line 2) ...................................................................................................................... 3
$
4. Total Oregon excise tax ................................................................................................................................ 4
$
Computation of tax credit threshold amount (see instructions)
5. a. $1,000,000 ........................................................................................................5a
$1,000,000
b. Product of i, ii, or iii (whichever is applicable): ..................................................5b
$
i. $10,000 × number of full-time employees at the facility in county with population of 10,000 or less.
ii. $12,500 × number of full-time employees at the facility in county with population of 40,000 or less.
iii. $15,000 × number of full-time employees at the facility in county with population of more than 40,000
and facility is 10 or more miles from Interstate 5.
6. Tax credit threshold amount: smaller of line 5a or 5b (if no amount on line 5b, enter $1,000,000) .............. 6
$
7. Excess tax available to offset (line 4 minus line 6) ........................................................................................ 7
$
Percent of tax attributable to the facility
8. If the qualifying facility is the only property or operation in Oregon, enter 100%
100%
(if not the only property or operation in Oregon, go to line 9 or 11) .........................8
9. If you have other property or operations in Oregon, and income is computed under
generally accepted accounting principles (GAAP), compute the percentage as follows:
$
a. Net income of the facility ..................................................................................9a
$
b. Oregon net income ............................................................................................9b
%
10. Percentage (line 9a ÷ 9b) .......................................................................................10
11. If you have other property or operations in Oregon and income is not
computed under GAAP, compute the percentage as follows:
$
a. Compensation at facility..................................................................................11a
$
b. Compensation in Oregon ................................................................................11b
%
c. Intrastate payroll factor (line 11a ÷ 11b) ..........................................................11c
$
d. Book value of property at facility ....................................................................11d
$
e. Book value of property in Oregon ...................................................................11e
%
f. Intrastate property factor (line 11d ÷ 11e) ........................................................11f
%
12. Average intrastate factors ([line 11c + 11f] ÷ 2) .....................................................12
%
13. Applicable percentage (line 8, 10, or 12) .................................................................................................... 13
$
14. Qualified tax liability available for offset (line 7 × line 13) ............................................................................ 14
$
15. Credit allowable (line 3 or 14, whichever is smaller) ................................................................................... 15
150-102-043 (Rev. 10-10)