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