OAR 741-030-0025. Preliminary Certification Application Submission Periods

(1) For the year 2020, applicants may submit their application for preliminary certification for short line railroad rehabilitation tax credits, beginning on January 1 and ending on July 31. (2) For the year 2021, applicants may submit their application for preliminary certification beginning on January 1, 2021, and ending on February 28, 2021. (3) For subsequent years, applicants may submit their application annually for preliminary certification during a six-month period between August 1 and January 31. (4) For any biennium in which the Department determines that the $4 million tax credit limitation in ORS 315.603 will not be exceeded, the Director may reopen or extend the application period. (5) Each short line railroad may submit no more than one project application per year.