Example. A taxpayer files a return for a period of June 1 through March 31, a period of 304 days or 83 percent of a full year (304/365=0.8329) and during that time incurs eligible cost inputs of $200,000 and eligible labor costs of $175,000. The taxpayer calculates the registration threshold as $750,000*83.29%, or $624,675. The taxpayer calculates the tax rate and return filing thresholds as $1,000,000*83.29%, or $832,900. The taxpayer calculates their CAT subtraction by taking the greater of their cost inputs or labor costs (in this case, their eligible cost inputs) multiplied by 35 percent: $200,000*35% or $70,000.
Or. Admin. Code § 150-317-1015
Publications: Contact the Oregon Department of Revenue for information about how to obtain a copy of the publication referred to or incorporated by reference in this rule pursuant to ORS 183.360(2) and ORS 183.355(1)(b).
Statutory/Other Authority: ORS 305.100, 317A.103, 317A.143 & Oregon Laws 2021, chapter 572, section 2
Statutes/Other Implemented: ORS 317A.103 & Oregon Laws 2021, chapter 572, section 2