(Added by Ordinance No. 184716; amended by Ordinance No. 187339, effective October 16, 2015.)
A. A Youth Employment Credit, known as the Foster Youth Employment Opportunity Credit, is available for tax years 2011 and 2012 to local businesses that employ foster youth certified by the State of Oregon Department of Human Services (DHS).
B. For each tax year, 25 non-refundable $500 credits are available on a first-come, first-served basis. An individual business can claim one credit for each separate foster youth employed for the minimum required hours, up to a maximum of four (4) credits in one tax year.
C. To qualify for the credit, a business must:
1. Employ a certified foster youth.
a. If the foster youth is enrolled in an educational program, the youth must average 12 hours per week and must have worked at least 200 hours in a six month period; or
b. If the foster youth is not enrolled in an educational program, the youth must average 25 hours per week and must have worked at least 400 hours in a six month period.
2. Submit the following documentation no later than one month following the close of the tax year in which the credit is to be claimed. The documentation can be submitted at any time once the youth has worked sufficient hours to qualify for the credit.
a. A copy of the youth’s DHS certification;
b. Sufficient summary payroll records that supports the average hours per week and total minimum hours required; and
c. Sufficient documentation of the school or other educational program where the youth was enrolled if claiming the credit based on Subsection 1.a. above.
3. The Revenue Division will issue either a credit certificate or credit letter authorizing the maximum credit(s) for the tax year.