Total standard credits from Schedule OR-ASC.
If you qualify for a standard credit, you must include Schedule OR-ASC with your return with the numeric code and amount of the standard credit you’re claiming. Enter the total from Schedule OR-ASC, section 3, on Form 40, line 27. For more information, go to our website or refer to Publication 17½.
Standard credits are listed below.
• Exemption Credit
• Income taxes paid to another state [code 802].
• Exception for Oregon resident partners and S corporation shareholders [Credit code 815]
• Mutually taxed gain on the sale of residential property [code 806].
• Oregon Cultural Trust contributions [code 807].
• Oregon Veterans’ Home physicians [code 808].
Political Contributions [code 809]
• Reservation enterprise zone [code 810].
• Retirement income [code 811].
• Rural EMTs [code 812].
• Rural health practitioners [code 813].