SALEM — At the request of stakeholders, the Oregon Department of Energy adopted a temporary rule to clarify a part of the Business Energy Tax Credit program. The temporary rule, which became effective on Nov. 16, 2012, clarifies what it means to “use” the tax credit under ORS 469B.167(3).
Under the new rule, ODOE defines “use” as when the tax credit offsets any portion of the project owner’s tax liability. Next spring, ODOE will conduct permanent rulemaking.
These temporary rules apply to the old BETC program. The new Energy Incentives Program, created by the 2011 Legislature, is replacing BETC.
For more information about this temporary rule, please visit the ODOE website at: http://www.oregon.gov/energy/CONS/BUS/Pages/Business-Energy-Tax-Credit-Rulemaking-to-Clarify-Use-of-Tax-Credit.aspx About the Oregon Department of Energy:
The Oregon Department of Energy provides tax credits, grants, loans, technical assistance and energy information for home owners, businesses, manufacturers, farms, ranches, schools and governments.