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Business Energy Tax Credit
BETC Final Application Processing – July 1, 2014 Sunset [ - ]

We are currently processing complete final applications when we receive them and then referring them for inspection.  Once inspected and passed, applications will continue to be processed.  If the project does not pass inspection, it should be reviewed to determine if it is still eligible for a credit.  For any files received after May 1, 2014, we will continue to process complete final applications in the order in which they are received.  We will not be doing any conditional final certifications. If we do not receive your application by May 1, 2014, we may not have sufficient time to process it and may not get your tax credit issued before the July 1, 2014 sunset. The department cannot issue final BETC certificates after July 1, 2014.

For files in pass-through, the following applies:

  • If there are no pass-through partners identified by June 9, 2014, the credits will be issued to the project owners along with a transmittal letter that explains why they are receiving the tax credit certificate, instructions on how to transfer the credit, and a reminder of the transfer fees.
  • If there are pass-through partners identified, then we are using the usual process with a deadline to submit payments no later than June 23, 2014.
    • If payment is received by June 23, we will process the applications as usual.
    • If payment is NOT received by June 23, we will issue the credits to the project owners along with the transmittal letter described above. If partial payment is received, we will issue the credits to the partners and the balance to the project owner.
 

Legislative changes beginning in 2011, directs the Oregon Department of Energy to close down the Business Energy Tax Credit program. House Bills 3672 (2011) and 4079 (2012) created BETC sunset dates:

  • The first sunset date required all facility owners to complete their projects, submit a final application and be issued a tax credit certificate before January 1, 2013.
  • The second sunset date is for facility owners who showed proof of beginning construction, as described in ORS 315.357 and OAR 330-090-0160. They have until July 1, 2014 to complete the project, submit a final application and be issued a tax credit certificate.
HB 2523 directed ODOE to transfer BETC’s manufacturing component to the Oregon Business Development Department. The 2013 and 2014 sunset dates do not apply to manufacturing projects. Please contact OBDD for more information.
January 1, 2013 Sunset Date
ODOE processed all complete final applications received before January 1, 2013.

For facility owners, unable to identify a pass-through partner, ODOE issued tax credit certificates on Dec. 28, 2012. These facility owners may transfer their tax credits, using the transfer process by submitting the paper work and fee when a transferee has been identified. A facility owner may find their own transferee, or ask ODOE to assist in locating one; however, ODOE cannot guarantee locating a transferee.

Once the facility owner identifies a transferee, the owner must submit to ODOE:

FAQs for the Tax Credit Authorization or Power of Attorney Form for the Transfer Process
Q:
Is this a Tax Information Authorization or a Power of Attorney for Representation?
A:
Tax Information Authorization
Q:
Who is the designee or authorized representative? A: Oregon Department of Energy
Q:
Under the checkbox for specific tax matters, what do we enter?
A:
BETC
If a facility owner is working with a third party intermediary, please complete the notice of intent form.
July 1, 2014 Sunset Date

This sunset date is for facility owners who showed proof of beginning construction per ORS 315.357 and OAR 330-090-0160. Owners must submit a final application before the preliminary certificate expires, or the program sunsets, whichever comes first.

A facility owner may use the pass-through process to transfer the tax credit before the program sunsets. ODOE charges a fee for this service and requires owners to pay the fee before a pass-through can occur.

Facility owners who plan to work with a third party intermediary, please complete the notice of intent form.

BETC Pass-through & Transfer Process Information

BETC_PT_Transfer_Process.pdfBETC Pass Through &_Transfer Process Information (PDF)

Can't find your tax credit certificate?

LostTaxCreditCertificates.pdfTax Credit Certificate Replacement Request

 
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