To be eligible for this credit, an applicant must be an agricultural producer or biomass collector and the biomass material must be sourced from within Oregon. In addition, the biomass must be used as biofuel or to produce biofuel in Oregon. Applications for tax credits must be received no later than 60 days following the end of the tax year.
The Oregon Administrative Rules provide the eligibility requirements and the process to apply for this program.
For tax years beginning 2014, the following rules are in effect:
For tax years 2012 - 2013, the following rules are in effect:
For a history of the authorizing legislation, please see: