Oregon · Jobs · OR-QJ-001
Qualified Jobs Creation Tax Credit
Publication revised September 24, 2026. Sourcebook page 227.
Credit amount / calculation
$1,000 per qualifying net new job, up to 10 jobs / $10,000 per taxpayer per tax year; $12.5 million annual statewide cap.
Business fit and eligible activity
New in 2026 and unusually explicit: Forestry and Wood Products includes timber harvesting as well as manufacturing and processing. Hiring, wages or qualifying training; where the program also requires investment, satisfy both tests.
Eligibility and practical use
A mill expansion can meet the capital side of a project easily and still miss a jobs credit because the headcount is too small. That is why this credit should be tested against the actual staffing plan, not the size of the equipment purchase. Logging companies are within the practical audience here because the benefit follows qualifying employment rather than a fixed manufacturing site. Hiring before the required certification or reservation can jeopardize the credit.
Illustrative business benefit
An Oregon logging company adds 7 net new full-time positions after qualifying for the program. At $1,000 per qualifying job, the nominal credit would be $7,000. The unusually important point for this sourcebook is that timber harvesting is expressly within the eligible forestry and wood-products industry definition. Page
Timing / first action
Check application or certification requirements before incurring the qualifying expense or beginning the qualifying activity. 2026 application window: September 1-October 31, 2026.
Official sources
Related programs
Clean Electricity Investment Credit (Internal Revenue Code §48E)
Generally
Potentially relevant when a forest-products facility owns qualifying zero-emission generation or energy-storage property.
Clean Electricity Production Credit (Internal Revenue Code §45Y)
Production-based
Alternative to the investment credit for owners/operators of qualifying clean-electricity facilities; potentially relevant to qualifying on-site generation.
Credit for Increasing Research Activities (Internal Revenue Code §41)
Regular research-credit method
A sawmill, secondary manufacturer or biomass business can qualify when it performs genuine technological experimentation to improve a product or process.