Personal and Corporate Income or Excise Tax Credits

ORS 315.356
Other grants as offset to cost of energy conservation facility

  • changes in eligibility for participation in other programs


(1)

If a taxpayer obtains a grant from the federal government in connection with a facility that has been certified by the Director of the State Department of Energy, the total cost of the facility shall be reduced on a dollar for dollar basis. Any income or excise tax credits that the taxpayer would be entitled to under ORS 285C.540 (Definitions for ORS 285C.540 to 285C.559) to 285C.559 (Revocation of certificate), 315.341 (Renewable energy resource equipment manufacturing facilities), 315.354 (Energy conservation facilities) and 469B.130 (Definitions for ORS 469B.130 to 469B.169 and 469B.171) to 469B.169 (Suspension or revocation of certificate) after any reduction described in this subsection may not be reduced by the federal grant. A taxpayer applying for a federal grant shall notify the Department of Revenue by certified mail within 30 days after each application, and after the receipt of any grant.

(2)

A taxpayer, or an applicant who is otherwise eligible, is eligible to participate in both this tax credit program and low interest, government-sponsored loans.

(3)

A taxpayer who receives a tax credit or property tax relief on a pollution control facility or an alternative energy device under ORS 307.405 (Pollution control facilities), 315.304 (Pollution control facilities) or 316.116 (Credit for alternative energy device) is not eligible for a tax credit on the same facility or device under ORS 285C.540 (Definitions for ORS 285C.540 to 285C.559) to 285C.559 (Revocation of certificate), 315.341 (Renewable energy resource equipment manufacturing facilities), 315.354 (Energy conservation facilities) and 469B.130 (Definitions for ORS 469B.130 to 469B.169 and 469B.171) to 469B.169 (Suspension or revocation of certificate). [1993 c.730 §36 (enacted in lieu of 316.141, 316.142 and 317.103); 1995 c.556 §35; 1999 c.623 §3; 2001 c.583 §2; 2007 c.843 §15; 2011 c.83 §14; 2011 c.474 §34; 2011 c.693 §2]

Atty. Gen. Opinions

Under Former Similar Statute (Ors 316.142)

Tax benefits available to private corporation constructing and operating energy conservation facility benefiting metropolitan service district, (1980) Vol 41, p 7

Chapter 315

Notes of Decisions

State could not recalculate tax for tax year closed to review in order to prevent elective carry forward of tax credit to tax year subject to review. Smurfit Newsprint Corp. v. Dept. of Revenue, 329 Or 591, 997 P2d 185 (2000)


Source

Last accessed
Jun. 26, 2021