Limitations on amount of potential tax credits for certified renewable energy development contributions
- • allocation
- • rules
(1) The total amount of potential tax credits for certified renewable energy development contributions in this state may not, at the time of certification under ORS 315.326 (Renewable energy development contributions), exceed:
(a) $3 million for any biennium; or
(b) $750,000 for the six months beginning July 1, 2017, and ending December 31, 2017.
(2) In the event that the Director of the State Department of Energy receives applications for grants under ORS 469B.256 (Grant award) in excess of the contributions received pursuant to ORS 315.326 (Renewable energy development contributions), the director shall allocate the issuance of grants according to standards and criteria established by rule by the director. [2011 c.730 §32]
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