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New Rules Filed For Biomass Producer Or Collector Tax Credit

 Diana Enright
 Matt Krumenauer
10-25In Oregon 800.221.8035
Oregon Department of Energy filed new temporary administrative rules for the Biomass Producer or Collector (BPC) Tax Credit program on July 1, 2010. The new rules take effect immediately.
This rulemaking reflects changes made to the BPC Tax Credit program by the Legislature during the 2009 session. The new rules include a certification process that requires the applicant to meet specific criteria. The rules also set a minimum discount value for a transfer of tax credits to another entity. The Department developed the new rules with input from a rules advisory committee and affected stakeholders.
BPC tax credits are available for certain agricultural producers or biomass collectors that deliver biomass to be used for energy production or processed into a biofuel. To be eligible to claim a tax credit, the biomass must meet the criteria in the new rules and be produced or collected in Oregon.
“The implementation of this new certification program shows our continued commitment to the development of the biomass industry in Oregon while ensuring that tax credit programs are managed to bring the highest value to the state in terms of investments in energy conservation, renewable energy development and job creation,” says Bob Repine, Oregon Department of Energy Director.
Applicants can apply for BPC tax credits using forms available on the Department’s website. Applications will be accepted beginning July 1, 2010 and can be submitted in electronic or hard copy format. These forms, application instructions and additional information can be found on the BPC tax credit website at http://www.oregon.gov/ENERGY/RENEW/Biomass/TaxCdt.shtml 
The temporary rules are effective for 180 days ending December 28, 2010. Rules are posted on the Department’s website at http://www.oregon.gov/ENERGY/RENEW/Biomass/Biomass-Producer_Advisory_Committee.shtml
Oregon Department of Energy/625 Marion St. NE/Salem, OR 97301-3737
Phone (503) 378-4040/Fax (503) 373-7806