OAR 741-030-0040
Preliminary Certification Application

(1)

Applicants requesting preliminary certification for a short line rehabilitation tax credit must submit their request during the application submission periods specified in OAR 741-030-0025 (Preliminary Certification Application Submission Periods).

(2)

Applicants requesting preliminary certification for a short line rehabilitation tax credit must apply on the Department-approved form (Short Line Railroad Rehabilitation Tax Credit Application for Preliminary Certification).

(3)

The application must also include a certification, executed by an authorized representative of the short line railroad, that certifies that the applicant’s project meets the requirements for a short line railroad project set forth in Or. Laws 2019. ch. 579 and this division of administrative rules. The representative’s certification must be a sworn statement attesting to the truth of the certification and attesting to the following:
(a) That the railroad is either a Tier I or Tier II short line railroad;

(b)

That the leased or owned infrastructure on which the rehabilitation tax credit would be based is located in Oregon;

(c)

The railroad mileposts that are adjacent to the leased or owned infrastructure;

(d)

That rehabilitation costs are not funded by or used to qualify for any state or federal grants, or used to claim a federal tax credit; and
(e) That the applicant is current on all state and local taxes, fees and assessments.

Source: Rule 741-030-0040 — Preliminary Certification Application, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=741-030-0040.

Last Updated

Jun. 8, 2021

Rule 741-030-0040’s source at or​.us