ORS 469B.148
Transferability of facility tax credit

  • effect on taxes reported by public utility
  • rules

(1)

The owner of a facility may transfer a tax credit for the facility in exchange for a cash payment equal to the present value of the potential tax credit, as determined at the time of the application for preliminary certification.

(2)

The State Department of Energy shall establish by rule a formula to be employed in the determination of prices of credits transferred under this section. In establishing the formula the department shall incorporate inflation projections and market real rate of return.

(3)

The department shall recalculate credit transfer prices quarterly, employing the formula established under subsection (2) of this section.

(4)

Notwithstanding any other provision of law, a tax credit transferred pursuant to this section does not decrease the amount of taxes required to be reported by a public utility. [Formerly 469.206; 2012 c.45 §23a]

Source: Section 469B.148 — Transferability of facility tax credit; effect on taxes reported by public utility; rules, https://www.­oregonlegislature.­gov/bills_laws/ors/ors469B.­html.

Law Review Citations

89 OLR 701 (2010)

469B.100
Definitions for ORS 469B.100 to 469B.118 469B.103
Criteria 469B.106
Claim for tax credits 469B.112
Ineligible devices 469B.115
Performance assumptions and prescriptive measures for tax credits 469B.118
Forfeiture of tax credits 469B.130
Definitions for ORS 469B.130 to 469B.169 and 469B.171 469B.133
Policy 469B.136
Priority given to certain projects 469B.139
Criteria for high-performance homes, renewable energy systems, combined heat and power facilities and facilities using or producing renewable energy resources 469B.142
Annual limit to cost of facility eligible for tax credits 469B.145
Application for preliminary certification 469B.148
Transferability of facility tax credit 469B.151
Tax credit for rental housing units 469B.154
Transferability of rental housing unit tax credit 469B.157
Submissions for preliminary certification 469B.161
Final certification 469B.164
Fees for certification 469B.167
Certificate required for tax credits 469B.169
Suspension or revocation of certificate 469B.171
Assistance with facility purchase for investor-owned utility customers 469B.250
Definitions for ORS 469B.250 to 469B.265 469B.253
Application for grant 469B.256
Grant award 469B.259
Grant application fees 469B.262
Limitations on amount of potential tax credits for certified renewable energy development contributions 469B.265
Policies and procedures 469B.270
Definitions for ORS 315.331 and 469B.270 to 469B.306 469B.273
Preference given to certain projects 469B.276
Transferability of project tax credit 469B.279
Standards for energy conservation projects 469B.282
Limitation on amount receiving preliminary certification 469B.285
Application for preliminary certification 469B.288
Submissions for preliminary certification 469B.291
Final certification 469B.294
Fees for certification or recertification 469B.297
Certificate required for tax credits 469B.298
Recertification of eligibility 469B.300
Suspension or revocation of certificate or portion of certificate 469B.303
Limitations on amount of potential tax credits for energy conservation projects 469B.306
Policies and procedures 469B.320
Definitions for ORS 315.336 and 469B.320 to 469B.347 469B.323
Transferability of project tax credit 469B.326
Application for preliminary certification 469B.329
Submissions for preliminary certification 469B.332
Final certification 469B.335
Fees for certification 469B.338
Certificate required for tax credits 469B.341
Suspension or revocation of certificate or portion of certificate 469B.344
Limitation on amount of potential tax credits for transportation projects 469B.347
Policies and procedures 469B.400
Fuel blends and solid biofuels 469B.403
Biomass 469B.991
Civil penalty when contractor certificate revoked
Green check means up to date. Up to date

Current through early 2024

§ 469B.148’s source at oregon​.gov