Or. Admin. Code § 330-230-0110 - Definitions for Pass-Through

For the purposes of OAR 330-230-0110 to 330-230-0150 the following definitions apply:

(1) "Department" means the Oregon Department of Energy.

(2) "Pass-through amount" means the amount, equal to the present value of the credit calculated in accordance with the formula set out in OAR 330-230-0130, paid to an applicant in exchange for the right to claim the tax credit.

(3) "Pass-through partner" means an individual or entity that pays the pass-through amount to an applicant and receives the tax credit certificate in place of the applicant.

(4) "Transferee" means an individual or entity that pays the pass-through amount to an applicant that has been issued the tax credit certificate, and receives a re-issued tax credit certificate in place of the applicant.

Notes

Or. Admin. Code § 330-230-0110

DOE 12-2011(Temp), f. & cert. ef. 12-23-11 thru 6-19-12; DOE 7-2012, f. & cert. ef. 6-19-12

Stat. Auth.: OL 2011, Ch. 730, Sec. 34 - 51

Stats. Implemented: OL 2011, Ch. 730, Sec. 34 - 51