In 2019, the Oregon State Legislature passed House Bill (HB) 2164, establishing a tax credit for short line railroads that rehabilitate their infrastructure. Tax Credit For Short Line Railroad Rehabilitation (Sections 6 through 17 of HB 2164) requires the Oregon Department of Transportation (ODOT) to administer tax credit certifications to qualified short line railroads that rehabilitate their Oregon infrastructure beginning January 1, 2020.
On December 17, 2019, the Oregon Transportation Commission approved interim administrative rules and application forms. The rules become effective on January 1, 2020. On May 28, 2020, the OTC approved permanent administrative rules. See links below for the rules and application forms. Applications must be received from interested parties by July 31, 2020, in order to be eligible for a 2020 tax credit preliminary tax certification.
RD 1-2020, Chapter 741, Standards to Determine Project Eligibility and Application Procedures
Preliminary Certification Application
Certification Amendment Application
Final Certification Application
House Bill 2164: Tax Credit For Short Line Railroad Rehabilitation