Oregon Administrative Rules
Chapter 330 - DEPARTMENT OF ENERGY
Division 70 - TAX CREDIT ELIGIBILITY CRITERIA FOR RESIDENTIAL ALTERNATIVE ENERGY DEVICES
Section 330-070-0014 - Pass-Through Eligibility

Universal Citation: OR Admin Rules 330-070-0014

Current through Register Vol. 63, No. 9, September 1, 2024

(1) An individual, estate or trust subject to tax under ORS chapter 316 that pays the present value to purchase the approved tax credit from the applicant may be eligible to claim the tax credit in place of the applicant.

(2) In accordance with ORS 469B.106(10), the department establishes the following rates for calculating the present value of the tax credit:

(a) For tax credits greater than $1,500 the present value is 90 percent of the tax credit amount.

(b) For tax credits less than $1,500 the present value is 95 percent of the tax credit amount.

(3) The department will issue a credit certificate to the pass through partner when the applicant confirms receipt of an amount equal to the present value of the tax credit and relinquishes any claim to the credit.

(4) A tax credit may be transferred or sold only once.

(5) A tax credit may not be transferred in portions. Only the whole tax credit amount may be transferred.

(6) The department must receive a pass-through application on or before June 1, 2018.

Stat. Auth.: ORS 469.040, 469B.106; 469B.109

Stats. Implemented: ORS 469B.100-469B.118; 316.116

Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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