Or. Admin. Code § 603-020-0031

Current through Register Vol. 63, No. 10, October 1, 2024

Section 603-020-0031 - Suspension, Revocation, or Forfeiture of Tax Credit Approval

(1) The Director may order the suspension, revocation, or forfeiture of the tax credit approval or of a portion of the tax credit approval if the Director determines that:

(a) Approval of a tax credit was obtained by fraud or misrepresentation;

(b) Approval of a tax credit was obtained by mistake or miscalculation; or

(c) The taxpayer otherwise violates or has violated a provision of ORS 315.176(1) - (6) or OAR Chapter 603 division 20.

(2) The Director shall provide notification of suspension, revocation or forfeiture consistent with ORS Chapter 183, and may allow the opportunity for a contested case hearing if, upon receipt of the notification, the recipient timely files a written request for a contested case hearing within 30 days from the date of service of the notification.

(3) As soon as an order of revocation becomes final, the Director shall notify the Department of Revenue and the person that received the tax credit certification of other approval, of the order.

Or. Admin. Code § 603-020-0031

DOA 23-2018, temporary adopt filed 08/30/2018, effective 08/30/2018 through 02/25/2019; DOA 4-2019, adopt filed 01/29/2019, effective2/1/2019

Statutory/Other Authority: ORS 315.184

Statutes/Other Implemented: ORS 315.176, 315.184 & 469B.403