# ORS § 315.037: 315.037 Tax expenditures applicable for limited time

> Oregon · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.037

## Section

- **Citation:** ORS § 315.037
- **Heading:** 315.037 Tax expenditures applicable for limited time
- **Jurisdiction:** Oregon
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** OR Code / Title 29 / Chapter 315 / Section 315.037

## Text

(1) As used in this section, “tax expenditure” has the meaning given that term in ORS 291.201 (“Tax expenditure” defined for ORS 291.201 to 291.222) .

(2) Any tax credit enacted by the Legislative Assembly on or after January 1, 2010, shall apply for a maximum of six tax years beginning with the initial tax year for which the credit is applicable, unless the Legislative Assembly expressly provides for another period of applicability.

(3) Any tax expenditure enacted by the Legislative Assembly on or after January 1, 2014, shall apply for a maximum of six tax years beginning with the initial tax year for which the tax expenditure is applicable, unless the Legislative Assembly expressly provides for another period of applicability. [Formerly 315.050]

Note: 315.037 (Tax expenditures applicable for limited time) was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 315 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.

Source: Section 315.037 — Tax expenditures applicable for limited time , https://www.­oregonlegislature.­gov/bills_laws/ors/ors315.­html (accessed May 26, 2025).

## Nearby sections

- [ORS § 315.004 315.004 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.004.md)
- [ORS § 315.037 315.037 Tax expenditures applicable for limited time](https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.037.md)
- [ORS § 315.044 315.044 Statement of purpose](https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.044.md)
- [ORS § 315.047 315.047 List of tax credits with revenue impact in excess of projection](https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.047.md)
- [ORS § 315.051 315.051 Report by Legislative Revenue Officer](https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.051.md)
- [ORS § 315.052 315.052 Limitation on transfer or sale of credit](https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.052.md)
- [ORS § 315.053 315.053 Restriction on types of transferees](https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.053.md)
- [ORS § 315.054 315.054 Federal tax credits allowable only as specified](https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.054.md)
- [ORS § 315.056 315.056 Conditions for transfer of tax credit](https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.056.md)
- [ORS § 315.058 315.058 Agency to provide tax credit approval information to Department of Revenue](https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.058.md)
- [ORS § 315.061 315.061 Suspension, revocation or forfeiture](https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.061.md)
- [ORS § 315.063 315.063 Waiver of substantiation by Department of Revenue](https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.063.md)
- [ORS § 315.068 315.068 Claim of right income repayment adjustments](https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.068.md)
- [ORS § 315.104 315.104 Reforestation](https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.104.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OR_T29_C315_S315.037. Check the current official text before relying on it. Not legal advice.