OAR 150-317-0220
Lender’s Credit: Loans to Wood Heat and Fuel Oil Heat Customers
# (1)
(1) A credit is available to commercial lending institutions for tax years beginning on or after January 1, 1982, for low interest loans made to wood heat and fuel oil heat customers to finance energy conservation measures. To qualify, the loans must be made on or after January 1, 1982.
# (2)
(2) The amount of the credit is equal to the difference between the interest charged on a qualifying loan, at an interest rate of 6 percent, and the interest that would have been charged if the loan had been issued at the lending institution's normal fixed interest rate. The fixed interest rate cannot exceed a maximum rate set by the director of the Office of Energy. The normal fixed interest rate is the rate that would have been charged on a similar loan made on the same day as the qualifying loan. The initial rate of interest charged on variable rate loans may be substituted for the fixed rate if the lending institution does not make fixed rate nonsubsidized loans. If the credit exceeds the commercial lending institution's tax liability, the balance may be carried forward for up to 15 years.
Amendment history
Renumbered from 150-317.112, REV 67-2016, f. 8-15-16, cert. ef. 9-1-16
Source: view the official text
In this chapter (40 sections)
- 150-317-0010 · Procedure for Handling State Surplus Refund
- 150-317-0020 · Substantial Nexus Guidelines
- 150-317-0030 · Definition: “Doing Business”
- 150-317-0040 · Taxable Income of Regulated Investment Companies and…
- 150-317-0050 · Foreign Corporations Subject to Tax
- 150-317-0060 · Capital Losses — Carrybacks and Carry-overs
- 150-317-0070 · Administrative and Judicial Interpretations
- 150-317-0080 · Adoption of Federal Law
- 150-317-0090 · Policy — Application of Various Provisions of the…
- 150-317-0100 · Periods of Less than 12 Months Are Tax Years
- 150-317-0110 · Tax Reform Act of 1984 Adjustments
- 150-317-0120 · Farm Capital Gain
- 150-317-0130 · Tax on Homeowner’s Association Income
- 150-317-0140 · Imposition of the Tax: Mercantile, Manufacturing and…
- 150-317-0150 · Adoption of Federal Exempt Organizations
- 150-317-0160 · Exemption and Return Requirements
- 150-317-0170 · Minimum Tax
- 150-317-0190 · Affordable Housing Credit; Definitions; Transfers; Carry…
- 150-317-0200 · Commercial Lending Institution Loans for Underground…
- 150-317-0210 · Carryover of the Lender’s Credit for Weatherization Loans
- 150-317-0220 · Lender’s Credit: Loans to Wood Heat and Fuel Oil Heat…
- 150-317-0230 · Lender’s Credit: Computation
- 150-317-0240 · Lender’s Credit: Definitions
- 150-317-0245 · Commencement of Long Term Enterprise Zone Tax Credit
- 150-317-0250 · Long Term Enterprise Zone Distributions
- 150-317-0260 · Lender's Credit for Agriculture Workforce Housing
- 150-317-0270 · Credit for Contributions of Computers, Scientific…
- 150-317-0280 · Qualified Research Credit
- 150-317-0290 · Research Tax Credit: Notice of Election
- 150-317-0300 · Research Tax Credit: Alternative Computation
- 150-317-0310 · Bad Debt Reserve of Financial Institutions Not…
- 150-317-0320 · Modification of Federal Taxable Income: Dividends from…
- 150-317-0330 · Modification for Dividends Received
- 150-317-0340 · Modification of Federal Taxable Income: Internal Revenue…
- 150-317-0350 · Oregon Subtraction Where Charitable Contribution Is…
- 150-317-0360 · Definition of “State”
- 150-317-0370 · Bad Debt Reserve of Financial Institutions that Have…
- 150-317-0380 · Taxes on Net Income or Profits Imposed by any State or…
- 150-317-0390 · IRC Section 338: Application to Oregon
- 150-317-0400 · Payments Received Under Federal Safe Harbor Lease…