Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 600 - BUSINESS ENERGY TAX CREDITS FOR RENEWABLE ENERGY RESOURCE EQUIPMENT MANUFACTURING BETC (Manufacturing BETC)
Section 123-600-0140 - Budget Limits and Payments
Universal Citation: OR Admin Rules 123-600-0140
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Amount of Credits Allowed for a Facility. During any calendar year, a Manufacturing BETC preliminary certificate shall not be issued for more than:
(a) $40 million in maximum eligible facility
costs for a renewable energy resource equipment facility, not including those
used to manufacture electric vehicles;
(b) $2.5 million in maximum eligible facility
costs for a facility used to manufacture electric vehicles;
(2) Fees for Certification. The Department has established the following schedule for payments to accompany an application as required under 285C.555.
(a)
Included with each application for preliminary certification shall be an
initial payment payable to the Department. The payment is 0.0060 multiplied by
the facility eligible cost and not to exceed a payment amount of $75,000, and
subject to additional expenses incurred by the Department as described in this
section.
(A) A refund shall not be granted
for any reduced eligible costs that are included in an amended
certificate.
(B) An additional
application payment shall be paid as specified in (3)(a) of this rule if a
request to amend a certificate to increase the eligible cost.
(C) No facilities shall be exempt from these
requirements.
(b)
Applications for preliminary certification shall not be reviewed or considered
complete if not accompanied by the fee payment. Preliminary certificates shall
only be issued if the application is complete. In addition, the Applicant may
be required to pay for expenses incurred by the Department in connection with
the application that exceed these payments and which the Department determines
are incurred in connection with processing the application. The Applicant shall
be advised of any additional application expenses the Applicant shall pay
before the expenses are incurred by the Department.
Stat. Auth.: ORS 285C.540 - 285C.559, ORS 315.341, OL 2011, Ch. 474 HB2523
Stats. Implemented: ORS 285C.540-559, 315.341, OL 2011, Ch. 474 HB2523, OL 2012, Ch. 45 HB 4079
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