Or. Admin. R. 741-030-0040 - Preliminary Certification Application
(1) Applicants requesting preliminary certification for a short line rehabilitation tax credit must submit their request during the application submission periods specified in OAR 741-030-0025.
(2) Applicants requesting preliminary certification for a short line rehabilitation tax credit must apply on the Department-approved form (Short Line Railroad Rehabilitation Tax Credit Application for Preliminary Certification).
(3) The application must also include a certification, executed by an authorized representative of the short line railroad, that certifies that the applicant's project meets the requirements for a short line railroad project set forth in ORS 315.591 - 315.603 and this division of administrative rules. The representative's certification must be a sworn statement attesting to the truth of the certification and attesting to the following:
(a) That the railroad is either a Tier I or Tier II short line railroad;
(b) That the leased or owned infrastructure on which the rehabilitation tax credit would be based is located in Oregon;
(c) The railroad mileposts that are adjacent to the leased or owned infrastructure;
(d) That rehabilitation costs are not funded by or used to qualify for any state or federal grants, or used to claim a federal tax credit; and
(e) That the applicant is current on all state and local taxes, fees and assessments.
Statutory/Other Authority: ORS 184.619, 823.011, 315.593, 315.597
Statutes/Other Implemented: ORS 315.591 - 315.603
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