Section 315.516 - Funding in lieu of tax credit certification.

OR Rev Stat § 315.516 (2019) (N/A)
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(2) If the Legislative Assembly makes the election allowed in subsection (1) of this section:

(a) No additional amount of credits may be certified for the corresponding fiscal year; and

(b) Any contributions to the Oregon Production Investment Fund made for the upcoming fiscal year and for which an application for a credit under ORS 315.514 is denied shall, at the request of the taxpayer, be refunded by the Oregon Film and Video Office. [2011 c.730 §13; 2018 c.111 §5]

Note: 315.516 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 315 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.