Wood Chipper Pollution Control Facility Tax Credit Application

Wood Chipper
Pollution Control Facility
Tax Credit Application Version 05:3
ORS 468.155
OAR Chapter 340 Division 16
1. Legal Name of Applicant
4. Contact
Name
Name
Division
5. Taxpayer ID # (EIN)
Address
6. Check only one
City,
State
Telephone
C Corp.
LLC
S Corp.
Zip
E-mail
Cooperative
Non-profit
Sole Proprietor
http://www.census.gov/epcd/www/naics.html
8. Tax-year end
Month
/
Day
9. Names of General Partners or Principals
Address
State
Zip
County
3. Provide the following wood chipper identification
Make
Partnership
Ltd Partnership
Joint Venture
7. SIC or NAICS
2. Primary Location of Wood Chipper
City
Title
Model
Name
Title
Name
Title
Serial #
Individuals skip to 10.
NOTE: Microsoft Word Users: To fill in the form select the
following sequence from the Word menu: TOOLS:Protect
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10. Is the Wood Chipper used 100% of the time in Oregon?
yes
no
If not, please explain and provide the percentage of time it is used in locations outside
of Oregon.
11. Enclose a copy of the invoice, receipt or bill-of-sale. The document must be dated. It
must show the applicant’s name as the buyer; and include the seller’s name, address, and
telephone number. If paid by credit card, provide a copy of the credit card receipt
after obscuring the card number. If paid by check, provide a copy of the front and
back of the canceled check. Include a brochure or specification sheet describing the
wood chipper.
12. Complete the following cost information for the wood chipper. OAR 340-016-0070(1).
Invoiced Cost
Trade-In
Government Grants
Ineligible Costs
Eligible Cost
$
$
13. Include the appropriate fee.
•
If the Eligible Cost (Item 12) does not exceed $5,000 then submit the $50
application fee.
•
If the Eligible Cost (Item 12) is greater than $5,000 then submit the application
fee, which is one percent of the eligible cost.
14. Applicant’s Signature
I hereby certify that I have completed this application, and that the information
provided herein and in all the attachments is true and correct to the best of my
knowledge. I certify that the equipment described in this application was purchased
and will be operated to a substantial extent for the purpose of preventing, controlling
or reducing nonpoint source air pollution as indicated in this application. I certify that
if this wood chipper ceases to operate as indicated in this application, I will provide
written notice to the Department of Environmental Quality.
Signature (Applicant)
Send to:
Department of Environmental Quality
Tax Credit Program
811 SW Sixth Avenue
Portland, OR 97204
Title
Date
Contact:
Phone (503) 229-6878
Fax
(503) 229-6730
Email: vandehey.maggie@deq.state.or.us
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Application Guidelines
This document expresses the Oregon Department of Environmental Quality’s (DEQ)
interpretation of the Pollution Control Facilities Tax Credit regulations. The purpose of the
application is for the DEQ to obtain the information needed to certify that an investment is
eligible for a tax credit according to the Pollution Control Facilities Tax Credit regulations.
A certificate permits the taxpayer to claim the credit on their Oregon tax return.
About the tax credit
An Oregon taxpayer may use the Pollution Control Tax Credit to reduce the amount of state
taxes owed.
The Eligible Cost (item 12 on the application) is the basis for determining the amount of the
credit. To determine the Total Tax Credit, multiply the Eligible Cost by the 35% Maximum
Tax Credit Percentage. To determine the Annual Credit that you may claim in one tax-year,
divide the Total Tax Credit by the Useful Life of the Wood Chipper.
EXAMPLE:
X
$2,800
35%
$980
÷3
$327.66
Eligible Cost
Maximum Tax Credit Percentage
Total Tax Credit
Useful Life of the Equipment
Annual Credit
Eligible Costs
The wood chipper tax credit is limited to the cost of the wood chipper and any shipping
charges. Spare knives, maintenance agreements, add-on tow bars, and power units separate
from the wood chipper are examples of ineligible costs. If the wood chipper has a hydraulic
feed sensor with hour meter then deduct $250 from the cost. (The purpose of an hour
meter is to monitor hours that the chipper is in use for maintenance or billing purposes,
which is not an eligible cost.)
CAUTION: Regulations prohibit the state from certifying a wood chipper twice. If you
plan to buy a used wood chipper, ask the seller if the EQC or DEQ has certified the wood
chipper for tax credit purposes. DEQ encourages you to call DEQ with the wood chipper’s
serial number for verification.
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CAUTION: The Department must show that the investment in the wood chipper is the
applicant’s own investment. The application requests clear payment documentation;
therefore, the Department recommends that you avoid a cash sale with an individual.
Filing your application
The taxpayer may begin claiming the credit on their Oregon tax return beginning with the
year that the DEQ or the EQC has certified the equipment. Please allow DEQ plenty of
time to process the application before your tax-year end.
File the application:
‰
After you purchased the wood chipper and have begun using it to chip woody
debris; and
‰
Within one year of date that you took possession of the wood chipper. This
generally coincides with the invoice date.
What happens next?
DEQ will request any missing information from you via postcard. Otherwise, you will receive
your certificate of approval within about 45 days.
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