OAR 150-317-0240
Lender’s Credit: Definitions
# (1)
(1) Fuel oil is defined under rules adopted by the Office of Energy.
# (2)
(2) "Commercial lending institution" is defined in Section 22, Chapter 894, Oregon Laws 1981 to include state and federal credit unions maintaining an office in the state. Although credit unions are included in the definition, they are exempt from the Oregon Corporate Excise Tax by ORS 317.080(12). Section 28, Chapter 894, Oregon Laws 1981 grants a credit "…against taxes otherwise due under this chapter for the taxable year." Therefore, unless a credit union loses its exemption from the Oregon Corporation Excise Tax by either paying more than 8 percent interest on share accounts or by having unrelated business taxable income, it would not be eligible for the refundable credit.
Amendment history
Renumbered from 150-317.112(7), REV 67-2016, f. 8-15-16, cert. ef. 9-1-16
Source: view the official text
In this chapter (40 sections)
- 150-317-0030 · Definition: “Doing Business”
- 150-317-0040 · Taxable Income of Regulated Investment Companies and…
- 150-317-0050 · Foreign Corporations Subject to Tax
- 150-317-0060 · Capital Losses — Carrybacks and Carry-overs
- 150-317-0070 · Administrative and Judicial Interpretations
- 150-317-0080 · Adoption of Federal Law
- 150-317-0090 · Policy — Application of Various Provisions of the…
- 150-317-0100 · Periods of Less than 12 Months Are Tax Years
- 150-317-0110 · Tax Reform Act of 1984 Adjustments
- 150-317-0120 · Farm Capital Gain
- 150-317-0130 · Tax on Homeowner’s Association Income
- 150-317-0140 · Imposition of the Tax: Mercantile, Manufacturing and…
- 150-317-0150 · Adoption of Federal Exempt Organizations
- 150-317-0160 · Exemption and Return Requirements
- 150-317-0170 · Minimum Tax
- 150-317-0190 · Affordable Housing Credit; Definitions; Transfers; Carry…
- 150-317-0200 · Commercial Lending Institution Loans for Underground…
- 150-317-0210 · Carryover of the Lender’s Credit for Weatherization Loans
- 150-317-0220 · Lender’s Credit: Loans to Wood Heat and Fuel Oil Heat…
- 150-317-0230 · Lender’s Credit: Computation
- 150-317-0240 · Lender’s Credit: Definitions
- 150-317-0245 · Commencement of Long Term Enterprise Zone Tax Credit
- 150-317-0250 · Long Term Enterprise Zone Distributions
- 150-317-0260 · Lender's Credit for Agriculture Workforce Housing
- 150-317-0270 · Credit for Contributions of Computers, Scientific…
- 150-317-0280 · Qualified Research Credit
- 150-317-0290 · Research Tax Credit: Notice of Election
- 150-317-0300 · Research Tax Credit: Alternative Computation
- 150-317-0310 · Bad Debt Reserve of Financial Institutions Not…
- 150-317-0320 · Modification of Federal Taxable Income: Dividends from…
- 150-317-0330 · Modification for Dividends Received
- 150-317-0340 · Modification of Federal Taxable Income: Internal Revenue…
- 150-317-0350 · Oregon Subtraction Where Charitable Contribution Is…
- 150-317-0360 · Definition of “State”
- 150-317-0370 · Bad Debt Reserve of Financial Institutions that Have…
- 150-317-0380 · Taxes on Net Income or Profits Imposed by any State or…
- 150-317-0390 · IRC Section 338: Application to Oregon
- 150-317-0400 · Payments Received Under Federal Safe Harbor Lease…
- 150-317-0410 · Payments Received Under Federal Safe Harbor Lease…
- 150-317-0420 · Modification of Federal Taxable Income: Difference…