“Oregon Credits – Contributions To A Trust For Cultural Development”
Under ORS 315.675, a taxpayer is allowed a credit against income taxes for amounts contributed to the Trust for Cultural Development Account, established under ORS 359.405 (“Oregon Cultural Trust” or “Trust”). The credit is allowed for a taxable year only to the extent the taxpayer has contributed at least an equal amount to “Oregon cultural organizations” during the year. View full article (PDF).
This article first appeared in the Summer 2007 issue of the Oregon State Bar Taxation Section newsletter.