Transferability of project tax credit
- • recertification
- • determination of prices
- • rules
(1) The owner of a project may transfer a tax credit for the project 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. If the tax credit is subject to recertification, only that portion of the tax credit that has been recertified may be transferred.
(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. [2011 c.730 §40; 2012 c.45 §20; 2015 c.545 §4]
Note: Section 9, chapter 545, Oregon Laws 2015, provides:
Sec. 9. Section 2 of this 2015 Act [469B.298 (Recertification of eligibility)] and the amendments to ORS 315.331 (Energy conservation projects), 469B.276 (Transferability of project tax credit), 469B.291 (Final certification), 469B.294 (Fees for certification or recertification), 469B.297 (Certificate required for tax credits) and 469B.300 (Revocation of certificate) by sections 3 to 8 of this 2015 Act apply to applications for final certification under ORS 469B.291 (Final certification) submitted on or after September 1, 2015, and to tax years beginning on or after January 1, 2015. [2015 c.545 §9]
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.