Oregon's research credit sunsets - Opportunities for 2017 tax year

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June 2018


Enacted on August 2, 2017, H.B. 2066, the biennial omnibus tax credit bill, extended and modified certain Oregon corporate income and excise tax credits. However, the bill did not extend the Oregon Qualified Research Activities Credit, which sunsets for tax years beginning on or after January 1, 2018.

Taxpayers should consider enhancing the benefit of the Qualified Research Activities Credit for tax years prior to its sunset.

The takeaway

Taxpayers with Oregon qualified research expenses no longer will generate a corporate income and excise tax credit following the January 1, 2018, credit sunset. Although the Oregon Qualified Research Activities Credit has sunset, any unused credits that have been generated by a company prior to the sunset date may be carried forward for a period of up to five years.

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Peter Michalowski

Peter Michalowski

State and Local Tax Leader, PwC US

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