OAR 330-220-0020
Opportunity Announcement
(1)
The department will announce the availability of tax credits for alternative fuel vehicle projects by issuing an Opportunity Announcement.(2)
The department will continually monitor the allocation of tax credits to ensure that the total amount of potential tax credits does not exceed the tax credit cap specified in ORS 469B.344 (Limitation on amount of potential tax credits for transportation projects).(3)
If the cumulative total of all tax credits awarded under the Opportunity Announcement is less than the total amount of tax credits available, the department may reallocate the balance to a future Opportunity Announcement.(4)
The Opportunity Announcement will include the following information:(a)
Objectives for the opportunity period;(b)
The approximate amount of tax credits available;(c)
Application requirements, as defined in OAR 330-220-0050 (Completeness Review);(d)
Dates of the application opportunity period;(e)
Instructions and directions to the required application forms and materials;(f)
Minimum technical standards;(g)
The process the department will use to allocate tax credits;(h)
For alternative fuel vehicle fleet projects, a list of eligible on-road vehicle types;(i)
For alternative fuel vehicle fleet projects, a maximum percentage of potential tax credit available an applicant may obtain during an opportunity period;(j)
For class 8 tractors, the incremental expenditure upon which to base the tax credit;(k)
Required percentage of fleet miles driven in state on an annual basis;(L)
The date of the sunset of the program; and(m)
Other information the department considers necessary.(5)
The department may increase the amount of tax credits available for an Opportunity Announcement.
Source:
Rule 330-220-0020 — Opportunity Announcement, https://secure.sos.state.or.us/oard/view.action?ruleNumber=330-220-0020.