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The Oregon Administrative Rules contain OARs filed through October 15, 2014
 
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OREGON FILM AND VIDEO OFFICE

 

DIVISION 3

FILM PRODUCTION DEVELOPMENT CONTRIBUTION CREDIT

951-003-0000

Purpose

(1) These rules specify the procedures for Oregon Film and Video Office certification of tax credits arising from contributions to the Oregon Production Investment Fund, as authorized by ORS 315.514.

(2) The Oregon Production Investment Fund tax credits were authorized by the 2003 legislature to:

(a) Encourage taxpayers to make contributions to the Oregon Production Investment Fund by providing a financial return for qualified contributions.

(b) Encourage film and television production in Oregon by providing incentives in the form of production spending rebates, from the Oregon Production Investment Fund, to qualifying productions.

(c) Strengthen Oregon's film and video industry infrastructure by bringing in more production spending to this sector of the economy.

Stat. Auth: ORS 284.335 & 315.514
Stats. Implemented: ORS 315.514
Hist: FVO 4-2004, f. & cert. ef. 11-26-04

951-003-0001

Definitions

(1) "Tax credit" means certification of an amount for credit by the Oregon Film and Video Office under ORS 315.514 and these administrative rules and arising from a qualifying contribution.

(2) "Oregon Production Investment Fund" means the fund created by ORS 284.367.

(3) "Qualifying contribution" means a contribution made by a taxpayer to the Oregon Production Investment Fund and for which an application, in the form designated by the Oregon Film and Video Office, is submitted for a tax credit.

(4) "Tax credit certificate" means a certificate issued by the Oregon Film and Video Office to a taxpayer evidencing a tax credit.

Stat. Auth: ORS 284.335 & 315.514
Stats. Implemented: ORS 315.514
Hist: FVO 4-2004, f. & cert. ef. 11-26-04

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