2011 Oregon Revised Statutes
ORS Volume 7, Chapters 261- 304
ORS Chapter 285c
285C.635 Determination of personal income tax revenue; transfer to Shared Services Fund; rules.
(1) Upon receipt of information compiled under ORS 285C.615, the Oregon Department of Administrative Services shall determine the annual amount of personal income tax revenue attributable to each eligible project for which an eligible business firm received a property tax exemption under ORS 307.123.
(2) In determining the amount of personal income tax revenue attributable to each eligible project, the department may rely on reasonable techniques of estimation, if appropriate.
(3) In each fiscal year, the department shall transfer 50 percent of the cumulative amount for all eligible projects determined under subsection (1) of this section to the Shared Services Fund established in ORS 286C.639.
(4) The department shall adopt rules necessary to administer this section. [2007 c.905 3]
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