Or. Admin. R. 741-030-0025 - Preliminary Certification Application Submission Periods

(1) For the year 2020, applicants may submit their application for preliminary certification for short line railroad rehabilitation tax credits, beginning on January 1 and ending on July 31.
(2) For the year 2021, applicants may submit their application for preliminary certification beginning on January 1, 2021, and ending on February 28, 2021.
(3) For the 2021-2023 biennium (July 1, 2021 - June 30, 2023) and the biennium thereafter, applicants may submit their application for preliminary certification between August 1 and December 31 of each odd-numbered year, and between June 1 and July 31 of each even-numbered year.
(4) For any biennium in which the Department determines that the $4 million tax credit will not be exceeded, the Director may reopen or extend the application period.
(5) Each short line railroad may submit no more than one project application per year.

Notes

Or. Admin. R. 741-030-0025
RD 1-2019, temporary adopt filed 12/17/2019, effective 1/1/2020 through 6/28/2020; RD 1-2020, adopt filed 05/28/2020, effective 5/28/2020; RD 6-2021, minor correction filed 12/16/2021, effective 12/16/2021

Statutory/Other Authority: ORS 184.619, 823.011, 315.593, 315.597

Statutes/Other Implemented: ORS 315.591 - 315.603

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