Form 150-102-043 Schedule OR-LTEZ Long-Term Enterprise Zone Facilities Credit - Oregon

What Is Form 150-102-043 Schedule OR-LTEZ?

This is a legal form that was released by the Oregon Department of Revenue - a government authority operating within Oregon. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 150-102-043?
A: Form 150-102-043 is a tax form used in Oregon specifically for claiming the Long-Term Enterprise Zone Facilities Credit.

Q: What is the Long-Term Enterprise Zone Facilities Credit?
A: The Long-Term Enterprise Zone Facilities Credit is a tax credit provided by the state of Oregon to incentivize the construction or expansion of facilities in designated enterprise zones.

Q: Who is eligible to claim the Long-Term Enterprise Zone Facilities Credit?
A: Businesses that meet certain criteria and construct or expand facilities in designated enterprise zones in Oregon are eligible to claim the Long-Term Enterprise Zone Facilities Credit.

Q: What information is required on Form 150-102-043?
A: Form 150-102-043 requires information about the taxpayer, the facility being constructed or expanded, and details related to the enterprise zone designation.

Q: When is the deadline for filing Form 150-102-043?
A: The deadline for filing Form 150-102-043 is usually the same as the deadline for filing the taxpayer's Oregon income tax return, which is generally April 15th of each year.

Q: Is the Long-Term Enterprise Zone Facilities Credit refundable?
A: No, the Long-Term Enterprise Zone Facilities Credit is not refundable. It can only be used to offset the taxpayer's Oregon income tax liability.

Q: Are there any special requirements or limitations for claiming the Long-Term Enterprise Zone Facilities Credit?
A: Yes, there are certain requirements and limitations, such as a minimum capital investment threshold and a maximum credit amount based on the facility's cost and zone designation. It is recommended to refer to the instructions accompanying Form 150-102-043 for more details.