OAR 340-017-0030
Determination of Percentage of Certified Investment Costs Allocable to Collection, Transportation or Processing of Reclaimed Plastic or Manufacturing a Reclaimed Plastic Product

(1)

Definitions:

(a)

“Claimed Investment Costs” means the actual cost of the claimed equipment, machinery, or personal property. Certification of the actual cost of the claimed equipment, machinery, or personal property must be documented by a certified public accountant for claimed investment costs which are over $20,000;

(b)

“Net Investment Cost” means the claimed investment costs minus the salvage value of any equipment, machinery or personal property removed from service;

(c)

“Salvage Value” means the value of a piece of equipment, machinery or personal property at the end of its useful life minus what it costs to remove it from service. Salvage value can never be less than zero.

(2)

In establishing the percent of costs properly allocable to the investment costs incurred to allow a person to collect, transport or process reclaimed plastic or to manufacture a reclaimed plastic product, the Commission shall consider the following factors and make appropriate findings regarding their applicability:

(a)

The estimated percent of time the equipment, machinery or personal property is utilized to collect, transport or process reclaimed plastic or manufacture a reclaimed plastic product, based on projections for the first year of operation;

(b)

The alternative methods, equipment and costs for achieving the same objective;

(c)

Other factors which are relevant in establishing a portion of the actual cost of the investment properly allocable to the collection, transportation or processing of reclaimed plastic or to the manufacture of a reclaimed plastic product.

(3)

The portion of actual costs properly allocable shall be from 0 to 100 percent in increments of one percent. If zero percent, the commission shall issue an order denying certification.

(4)

The portion of actual costs properly allocable shall not include costs for:

(a)

Air conditioners;

(b)

Septic tanks or other facilities for human waste;

(c)

Property installed, constructed or used for moving sewage to the collecting facilities of a public or quasi-public sewerage system;

(d)

Equipment, personal property or machinery not directly related to the operation of the industry or enterprise seeking the tax credit; or

(e)

Any distinct portion of the investment which makes an insignificant contribution to the collection, transportation or processing of reclaimed plastic or the manufacture of a reclaimed plastic product including the following specific items:

(A)

Office furnishings;

(B)

Parking lots and road improvements;

(C)

Landscaping;

(D)

External lighting;

(E)

Company or related signs; and

(F)

Automobiles.

Source: Rule 340-017-0030 — Determination of Percentage of Certified Investment Costs Allocable to Collection, Transportation or Processing of Reclaimed Plastic or Manufacturing a Reclaimed Plastic Product, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=340-017-0030.

Last Updated

Jun. 8, 2021

Rule 340-017-0030’s source at or​.us