Section 469B.338 – Certificate required for tax credits; certification not to exceed five years.
(1) A certificate issued under ORS 469B.332 is required for purposes of obtaining tax credits in accordance with ORS 315.336. Such certification shall be granted for a period not to exceed five years. The five-year period shall begin with the tax year of the applicant during which the completed application for final certification of the […]
Section 469B.341 – Suspension or revocation of certificate or portion of certificate.
The Director of the State Department of Energy may order the suspension or revocation of a certificate or a portion of a certificate issued under ORS 469B.332, as provided in ORS 315.061, for the reasons set forth in ORS 315.061 or if the director finds that: (1) The holder of the certificate or the operator […]
Section 469B.344 – Limitation on amount of potential tax credits for transportation projects.
(1)(a) The total amount of potential tax credits for all transportation projects in this state may not, at the time of preliminary certification under ORS 469B.329, exceed $20 million for any biennium. (b) For each tax year, the Director of the State Department of Energy may allocate a percentage of the amount allowed in paragraph […]
Section 469B.347 – Policies and procedures; standards for single transportation project; rules.
The State Department of Energy shall by rule establish policies and procedures for the administration and enforcement of the provisions of ORS 315.336 and 469B.320 to 469B.347, including standards for what constitutes a single transportation project. [2011 c.730 §65]
Section 469B.400 – Fuel blends and solid biofuels; qualification for tax credits; rules.
The State Department of Energy shall by rule identify categories of fuel blend and solid biofuel that qualify for the personal income tax credit allowed under ORS 315.465. [Formerly 469.785] Note: Sections 8a and 8b (2), chapter 739, Oregon Laws 2007, provide: Sec. 8a. The State Department of Energy shall periodically conduct an impact study […]
Section 469B.403 – Biomass; eligibility for tax credits; rates.
To be eligible for the tax credit under ORS 315.141, the biomass must be produced or collected in Oregon as a feedstock for bioenergy or biofuel production in Oregon. The credit rates for biomass are: (1) For oilseed crops, $0.05 per pound. (2) For grain crops, including but not limited to wheat, barley and triticale, […]
Section 469B.991 – Civil penalty when contractor certificate revoked.
(1) The Director of the State Department of Energy may impose a civil penalty against a contractor if a contractor certificate is revoked under ORS 469B.118. The amount of the penalty shall be equal to the total amount of tax relief estimated to have been provided under ORS 316.116 to the contractor or to purchasers […]
Section 469B.323 – Transferability of project tax credit; determination of prices; rules.
(1) The owner of a transportation project may transfer a tax credit for the project in exchange for a cash payment equal to the present value of the tax credit. (2) The State Department of Energy shall establish by rule a formula to be employed in the determination of prices of credits transferred under this […]
Section 469B.270 – Definitions for ORS 315.331 and 469B.270 to 469B.306.
As used in ORS 315.331 and 469B.270 to 469B.306: (1) “Cost” means the capital costs and expenses necessarily incurred in the acquisition, erection, construction and installation of an energy conservation project. (2) “Energy conservation project” means any capital investment for which the first year energy savings yields a simple payback period of greater than three […]
Section 469B.326 – Application for preliminary certification; eligibility; contents; fees; certification to remain valid for three years; rules.
(1) Prior to the acquisition or performance of a transportation project, a person may apply to the State Department of Energy for preliminary certification for the project under ORS 469B.329 if: (a) The project complies with the standards adopted by the Director of the State Department of Energy; and (b) The applicant will be the […]