OAR 629-023-0460
Underproductive Forestland Conversion Tax Credit — Final Certificate Issuance

The State Forester will issue a final certificate when the new forest is established.

(1)

The forest is established when at least the minimum number of seedlings as required in OAR 629-023-0450 (Underproductive Forestland Conversion Tax Credit — Preliminary Certificate Issuance) have survived two or more growing seasons and are free to grow without severe competition from other vegetation.

(2)

The final credit application submitted to the State Forester by the taxpayer will include:

(a)

The tax year for which the credit is claimed;

(b)

The number of acres where additional treatment was needed to establish the new forest;

(c)

The date the additional treatment was completed;

(d)

The amount of federal or state cost share or other incentive program funds received; and

(e)

The taxpayer’s reasonable eligible project costs.

(3)

A final certificate will not be issued when the new forest is not established due to reasons beyond the control of the taxpayer. In such a situation, the taxpayer may requalify for a tax credit in the same manner as a new applicant.

Source: Rule 629-023-0460 — Underproductive Forestland Conversion Tax Credit — Final Certificate Issuance, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=629-023-0460.

Last Updated

Jun. 8, 2021

Rule 629-023-0460’s source at or​.us