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This version of the form is not currently in use and is provided for reference only. Download this version of
Form 150-104-003 Schedule OR-NRC
for the current year.
Form 150-104-003 Schedule OR-NRC Oregon Natural Resource Credit - Oregon
What Is Form 150-104-003 Schedule OR-NRC?
This is a legal form that was released by the Oregon Department of Revenue - a government authority operating within Oregon. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form 150-104-003?
A: Form 150-104-003 is the schedule for claiming the Oregon Natural Resource Credit in the state of Oregon.
Q: What is the Oregon Natural Resource Credit?
A: The Oregon Natural Resource Credit is a tax credit available to individuals and businesses in Oregon who have made qualified investments in natural resource property.
Q: Who is eligible to claim the Oregon Natural Resource Credit?
A: Individuals and businesses in Oregon who have made qualified investments in natural resource property are eligible to claim the Oregon Natural Resource Credit.
Q: What is natural resource property?
A: Natural resource property refers to land or water resources that are used for commercial purposes such as farming, fishing, mining, or timber operations.
Q: How do I claim the Oregon Natural Resource Credit?
A: To claim the Oregon Natural Resource Credit, you need to complete Form 150-104-003 and attach it to your Oregon tax return.
Q: What information do I need to complete Form 150-104-003?
A: To complete Form 150-104-003, you will need information about your qualified investments in natural resource property, including the amount invested and the tax year of the investment.
Q: Is there a deadline for claiming the Oregon Natural Resource Credit?
A: Yes, the deadline for claiming the Oregon Natural Resource Credit is the same as the deadline for filing your Oregon tax return.
Q: How much is the Oregon Natural Resource Credit?
A: The amount of the Oregon Natural Resource Credit depends on the qualified investments you have made in natural resource property. The credit is generally a percentage of the investment amount.
Q: Can the Oregon Natural Resource Credit be carried forward or transferred?
A: Yes, unused Oregon Natural Resource Credit can be carried forward for up to five years or transferred to another individual or business.
Form Details:
- Released on June 25, 2021;
- The latest edition provided by the Oregon Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 150-104-003 Schedule OR-NRC by clicking the link below or browse more documents and templates provided by the Oregon Department of Revenue.
Download Form 150-104-003 Schedule OR-NRC Oregon Natural Resource Credit - Oregon
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