Or. Admin. R. 125-180-1040

Current through Register Vol. 63, No. 9, September 1, 2024

Section 125-180-1040 - Personal Income Tax Estimate

(1) The personal income tax estimate is derived from:

(a) Reported number of workers hired or retained as a result of investment in an eligible project under the Strategic Investment Program ORS 285C.615; and

(b) The Department of Revenue's annual Oregon Personal Income Tax Statistics (150-101-406) report.

(2) A tax rate is determined based on the reported average pay per average eligible worker.

(3) Labor earnings are multiplied by the project tax rate for an income level equal to that of the wages paid to the average eligible worker.

Or. Admin. R. 125-180-1040

DAS 1-2013, f. & cert. ef. 7-31-13

Stat. Auth.: ORS 285C.615(7) & 285C.635(4)

Stats. Implemented: ORS 285C.600 - 285C.626 & 285C.635