(Added by Ordinance No. 184716; amended by Ordinance No. 187339, effective October 16, 2015.)
A. For tax years beginning on or after January 1, 2011, any youth employment credit authorized by City Council will use the terms defined below or as defined by written policy adopted under Section 7.02.210 unless the context requires otherwise.
1. “Local Business” means a business operating in the pursuit of profit, gain or the production of income that:
a. has at least one physical location (such as an office, warehouse, store or restaurant) within the geographic boundaries of the State of Oregon and/or Clark County, Washington ; and
b. is registered to do business in the State of Oregon and said registration has not expired or otherwise been dissolved; or is a sole proprietorship that is not legally required to register to do business in the State of Oregon ; and
c. has a current account with the City of Portland and has complied with all filing and payment requirements of Portland ’s Business License Law and the Multnomah County’s Business Income Tax Law.
2. “Non-exempt” means the local business has not claimed an exemption from the requirements of the Business License Law as defined and provided for in 7.02.400.
3. “Tax Year” means any tax year allowed by the Internal Revenue Service and/or State of Oregon and used by the business to file their income taxes and begins during the year identified as the tax year of the credit.
4. “Youth Certifying Agency” means the agency that is responsible for determining youth that qualify for one or more Youth Employment Credit programs.
B. Credits issued under a Youth Employment Credit program will have the following features:
1. Credits will be non-refundable;
2. There will be a maximum number of credits per tax year per program;
3. There will be a maximum number of credits that can be claimed by a Local Business in any given tax year;
4. No individual credit will exceed $500; and
5. Credit certificates or letters will be provided by the Revenue Division to be attached to the tax return claiming the credit(s).
C. Each Youth Employment Credit program will outline any youth qualifications and business obligations to qualify for the credit, including but not limited to the number of hours and the length of time that the youth must be employed to qualify for the credit, the definitions of a qualifying youth, the certifying agencies for either the youth qualifications for the program or obligations of the business to obtain the credit, and any program goals and results that should be attained for renewal if the program is a pilot program.