Limitations for Certification
Once the department has certified a cumulative amount of qualified equity investments that can result in the utilization of $16 million of tax credits in any tax year, the department may not certify any more qualified equity investments under ORS 285C.650 (Certification as qualified equity investment) and OAR 123-630-0080 (Certification). This limitation shall be based on the scheduled utilization of tax credits without regard to the potential for taxpayers to carry forward tax credits to later tax years.
The department will reserve $30 million of qualified equity investment authority for qualified low-income community investments in qualified active low-income community businesses that:
Have a primary purpose of improving the environment or reducing emissions of greenhouse gases; or
Produce goods that directly reduce emissions of greenhouse gases or are designed as environmentally sensitive replacements for products in current use.