OAR 340-016-0240
Truck Engine Tax Credits: Allocating the Limitations

(1)

The DEQ will first allocate the program limitation to the earliest application date based on the date that the DEQ receives a complete application according to OAR 340-016-0230 (Truck Engine Tax Credits: Application Procedures)(5).

(2)

If the DEQ receives several applications on the same day and the total of the tax credits requested on these applications would exceed the program limitation then DEQ will allocate the remaining limitation by the following method.

(a)

The DEQ will allocate the remaining program limitation by the earliest postmarked date.

(b)

If there is a tie for the earliest postmarked date then the DEQ will allocate the remaining program limitation by the earliest invoice date.

(c)

If there is a tie for the earliest invoiced date then the DEQ will allocate the remaining program limitation by drawing.

(3)

When the program limitation has expired for the calendar year, the DEQ will retain all completed applications for processing in the following calendar year up to the taxpayer limitation for the current calendar year. The DEQ will process retained applications according to sections 1 and 2 of this rule. The tax credit claimed on a retained application will not increase the taxpayer limitation for the following calendar year.

Source: Rule 340-016-0240 — Truck Engine Tax Credits: Allocating the Limitations, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=340-016-0240.

340‑016‑0005
Purpose 340‑016‑0007
Facilities certified under the 1999 Edition 340‑016‑0009
Certification of wood chippers 340‑016‑0010
Definitions 340‑016‑0055
Application Procedures 340‑016‑0060
Eligibility 340‑016‑0065
Fees 340‑016‑0070
Determining the Facility Cost 340‑016‑0075
Determination of Portion of Facility Cost Allocable to Pollution Control 340‑016‑0080
Certification 340‑016‑0088
Subdelegation of Certificate Administration 340‑016‑0210
Truck Engine Tax Credits: Purpose 340‑016‑0220
Truck Engine Tax Credits: Definitions 340‑016‑0230
Truck Engine Tax Credits: Application Procedures 340‑016‑0240
Truck Engine Tax Credits: Allocating the Limitations 340‑016‑0250
Truck Engine Tax Credits: Approval or Rejection Procedures 340‑016‑0260
Truck Engine Tax Credits: Procedures for Reconsideration and Review 340‑016‑0270
Clean Diesel Report and Retrofit Tax Credits: Purpose and Scope 340‑016‑0280
Clean Diesel Report and Retrofit Tax Credits: Definitions 340‑016‑0290
Clean Diesel Report and Retrofit Tax Credits: Standards for a Qualifying Repower or Retrofit 340‑016‑0300
Clean Diesel Report and Retrofit Tax Credits: Application Procedures 340‑016‑0310
Clean Diesel Report and Retrofit Tax Credits: Tax Credit Cost Certification Letter 340‑016‑0320
Clean Diesel Report and Retrofit Tax Credits: Allocating the Limitations 340‑016‑0330
Clean Diesel Report and Retrofit Tax Credits: Application Approval or Denial Procedures 340‑016‑0340
Clean Diesel Report and Retrofit Tax Credits: Procedures for Reconsideration and Review of Denial
Last Updated

Jun. 8, 2021

Rule 340-016-0240’s source at or​.us