Oregon Statutes - Chapter 469 - Energy; Conservation Programs; Energy Facilities - Section 469.206 - Transferability of facility tax credit; rules; effect on taxes reported by public utility.

(1) The owner of a facility may transfer a tax credit for the facility in exchange for a cash payment equal to the present value of the tax credit.

(2) The State Department of Energy may establish by rule uniform discount rates to be used in calculating the present value of a tax credit under this section.

(3) Notwithstanding any other provision of law, a tax credit transferred pursuant to this section does not decrease the amount of taxes required to be reported by a public utility. [1997 c.534 §9; 2001 c.583 §6; 2007 c.843 §19]

Note: See note under 469.185.

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Last modified: August 7, 2008