Oregon Administrative Rules
Chapter 330 - DEPARTMENT OF ENERGY
Division 70 - TAX CREDIT ELIGIBILITY CRITERIA FOR RESIDENTIAL ALTERNATIVE ENERGY DEVICES
Section 330-070-0024 - Year Credit Claimed
Universal Citation: OR Admin Rules 330-070-0024
Current through Register Vol. 63, No. 9, September 1, 2024
(1) The tax credit must be claimed pursuant to ORS 316.116.
(2) The tax credit allowed in any one year may not exceed a person's tax liability for that year. Unused credit may be carried forward for a maximum of 5 years as allowed under ORS 316.116.
(3) The tax year for which the tax credit may be claimed is determined by the operational date of the AED:
(a) If the operational date of the AED is
before April 1 of the tax year following the year it was purchased, then the
tax credit must be claimed for the tax year in which the AED was purchased.
Proof of purchase is established using the "Purchase Date" as defined in OAR
330-070-0013.
(b) Otherwise, the
tax credit must be claimed for the tax year in which the AED became
operational. Proof of operation is established using the "Operational Date" as
defined in OAR 330-070-0013.
Stat. Auth.: ORS 469.040, 469B.103
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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