Oregon § 285C.557 Certification required for tax credits; certification not to exceed five years; use by transferee

Oregon Statutes

§ 285C.557 — Certification required for tax credits; certification not to exceed five years; use by transferee

Oregon § 285C.557

Vol.7

Title 26AEconomic Development

Ch. 285CEconomic Development III

This text of Oregon § 285C.557 (Certification required for tax credits; certification not to exceed five years; use by transferee) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 285C.557 (2026).

Text

(1)A certificate issued under ORS 285C.553 or 469B.161 is required for purposes of obtaining tax credits in accordance with ORS 315.341. Such certification shall be granted for a period not to exceed five years. The five-year period shall begin with the tax year of the applicant during which the completed application for final certification of the facility under ORS 285C.553 is received by the Oregon Business Development Department.

(2)If the original owner of the certificate uses any portion of the credit, the certificate becomes nontransferable.

(3)For a transferee holding a credit that has been transferred under ORS 285C.549, the five-year period shall begin with the tax year in which the transferee pays for the credit.

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(1) A certificate issued under ORS 285C.553 or 469B.161 is required for purposes of obtaining tax credits in accordance with ORS 315.341. Such certification shall be granted for a period not to exceed five years. The five-year period shall begin with the tax year of the applicant during which the completed application for final certification of the facility under ORS 285C.553 is received by the Oregon Business Development Department.
(2) If the original owner of the certificate uses any portion of the credit, the certificate becomes nontransferable.
(3) For a transferee holding a credit that has been transferred under ORS 285C.549, the five-year period shall begin with the tax year in which the transferee pays for the credit.