Oregon Business Energy Tax Credit

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Oregon Business Energy Tax Credit One-step Application for Final Certification for Hybrid-Electric Vehicles 6/2010 1 Oregon business owners and others who invest in new hybrid-electric vehicles for business use can get a state Business Energy Tax Credit. Qualifying hybrid-electric vehicles are pre-certified for the Oregon Department of Energy 9s Business Energy Tax Credit 3 Chevy Tahoe" Hybrid SUV, Ford Escape" Hybrid, GMC Yukon" Hybrid, Honda Accord" Hybrid, Honda Civic" Hybrid, Lexus RX 400" Hybrid, Lexus GS 450 " Hybrid, Lexus LS 600" Hybrid, Mazda Tribute" Hybrid, Mercury Mariner" Hybrid SUV, Nissan Altima" Hybrid, Toyota Camry" Hybrid Toyota Highlander" Hybrid, and Toyota Prius" Hybrid . These vehicles qualify based on meeting the criteria of the definition in OAR 330-090-0110 (37).

We will update the list as other hybrid-electric vehicles become eligible. Business owners who purchase a qualifying hybrid-electric vehicle for business purposes need to complete this one form to apply for this Hybrid-Electric Vehicle tax credit. The tax credit for hybrid- electric vehicles is 35 percent of eligible project costs.

If eligible costs are $20,000 or less, you take the tax credit in one year. If eligible costs are more than $20,000, you take the tax credit over a five year period (10 ... more. less.

percent in the first and second year; 5 percent in the last three years. The credit is a dollar- for-dollar credit against State of Oregon business taxes owed. Unused credits can be carried forward up to eight years. Eligible Applicants An eligible applicant must meet the following three requirements: 1. Be a trade, business or rental property owner with a business site in Oregon or Be an Oregon non-profit organization, tribe, or public entity that partners with an Oregon business or resident; 2. Own or be the contract buyer of the project; and 3. Use the equipment yourself or lease it to another person or business in Oregon. The qualifying hybrid vehicle must be new (its original use must begin with you). It must be registered and licensed for roadway use by the Oregon Department of Motor Vehicles to qualify. Pass-through Option Applicants that do not have an Oregon tax liability (such as non-profit organizations, schools and other public entities) must use the pass-through option of the Business Energy Tax Credit. With this option, applicants may pass-through or transfer their 35 percent tax credit project eligibility to a pass-through partner for a lump-sum cash payment. The Oregon Department of Energy determines the rate that is used to calculate the cash payment. The Oregon Department of Energy must receive this completed application first. Please check off the Pass-through Option box if you wish to use this option. You will be sent a Pass-through Projects application form in return for both you and the pass-through partner to complete and sign. The same review, rules and standards apply to projects approved under the pass-through option as those using the regular Business Energy Tax Credit Program. Please note: The pass-through option is also available to any applicants with an Oregon tax liability who chooses to transfer his or her tax credit. There may be tax implications to using the Pass-through Option. Please consult your tax preparer. Oregon Business Energy Tax Credit One-step Application for Final Certification for Hybrid-Electric Vehicles 6/2010 2 Timing The Business Energy Tax Credit for Hybrid-Electric Vehicles One-step Application form is completed after purchasing the vehicle(s). No pre-certification application is necessary as the Oregon Department of Energy has pre-certified qualifying hybrid-electric vehicles. (Please note, this process applies only for tax credit applications for qualified hybrid-electric vehicles. All other applications for a Business Energy Tax Credit must be sent to the Oregon Department of Energy prior to beginning a project or making a purchase.) You must receive a Final Certificate before the credit can be claimed on an Oregon tax return. All BETC applicants must apply for, and receive, their final certification from the Oregon Department of Energy prior to July 1, 2012, when the BETC program is scheduled to sunset. Confidential Information and Disclosure The State of Oregon's Public Records Law (ORS 192.410 et seq.) (PRL) applies to tax credit applications submitted to the Oregon Department of Energy. The law states every person has a right to inspect any public record of a public body, subject to certain exceptions. Trade secrets and confidential business records information may be exempt from disclosure. Certain information, including trade secrets (ORS 192.501(2) and confidential submissions (ORS 192.502(4)), may be exempt from disclosure under exemptions to the PRL. Please consult your legal counsel to determine whether these or other exemptions could apply to your application. Mark on each page any information that you believe are trade secrets, business records or that is otherwise protected under the PRL and that you request to be kept confidential. Marking information does not guarantee that it will be kept confidential. The Director of the Oregon Department of Energy will make any decisions regarding public disclosure of information contained in this application in accordance with the Oregon Public Records Law. Under certain circumstances, as set out in ORS 192.445 (1), the personal safety exemption to the PRL, the Oregon Department of Energy is authorized to withhold your address, phone number and electronic mail address. If you want to claim this exemption under the PRL, please contact the Oregon Department of Energy prior to sending in your application for a Business Energy Tax Credit. Please consult your legal counsel to determine whether this exemption applies to you. The Oregon Department of Energy does not endorse any company that requests application information and does not sell this information as a mailing list. Net Eligible Cost The tax credit for hybrid-electric vehicles is 35 percent of the net eligible cost. The Oregon Department of Energy uses the MSRP base cost for the hybrid-electric and subtracts the MSRP of the conventional comparison vehicle (based on information from www.edmunds.com ) to derive the eligible cost of the hybrid-electric vehicle. Please note: Your costs may be more than the base costs depending upon options and dealer charges. Costs are subject to change. Oregon Business Energy Tax Credit One-step Application for Final Certification for Hybrid-Electric Vehicles 6/2010 3 Hybrid-electric vehicle Comparative vehicle Net Eligible Cost* Chevy Tahoe" SUV Hybrid Chevy Tahoe" SUV $9,183 Ford Escape" Hybrid Ford Escape" $5,495 GMC Yukon" (SUV) Hybrid GMC Yukon" (SUV) $9,183 Honda Accord" Hybrid Honda Accord" LX V-6 $2,054 Honda Civic" Hybrid Honda Civic" (4-door) $4,840 Lexus" RX 400h Hybrid Lexus" RX 350 $3,680 Lexus" GS 450h Hybrid Lexus" GS 460 $3,000 Lexus" LS 600h Hybrid Lexus" LS 460 $5,018 Mazda Tribute" Hybrid Mazda Tribute" $3,985 Mercury Mariner" SUV Hybrid Mercury Mariner" SUV $5,035 Nissan Altima" Hybrid Nissan Altima" $4,690 Toyota Camry" Hybrid Toyota Camry" (4-door, 2.4L) $6,078 Toyota Highlander" SUV Hybrid Toyota Highlander" SUV $6,550 Toyota Prius" Hybrid Toyota Corolla" $5,745 Most recent available model year The tax credit is 35 percent of the net eligible cost. * The net eligible cost used is the most recent and is subject to change. Receipts " If the final project costs are less than $50,000, include copies of the dealer 9s invoice/receipt. If you send copies of the invoice/receipt, please make sure it is dated, clearly marked cPAID d and identified by the dealer name. " If your application is for multiple purchases that total $50,000 or more, send a letter signed by a Certified Public Accountant (CPA) who is not an employee of your business, to document costs. A sample CPA letter available on our website. ( www.oregon.gov/ENERGY/CONS/BUS/docs/CPA.pdf ) Questions? Call the Oregon Department of Energy at 1-800-221-8035 (toll-free in Oregon) or (503) 378- 4040 (Salem). Or visit our Web site (www.oregon.gov/energy) . Oregon Business Energy Tax Credit One-step Application for Final Certification for Hybrid-Electric Vehicles 6/2010 4 Hybrid-Electric Vehicle Are you eligible? For office use only Yes No Application #: Are you a trade, business or rental property owner with a business site in Oregon? Are you the owner or contract buyer of the hybrid- electric vehicle? Are you using the vehicle yourself or leasing it to another person or business in Oregon? Are you a non-profit organization, public entity or tribe? Date received: Final certified cost: 1. Owner information Tax I.D. # or SSN*: E-mail: Business name: Phone: Owner 9s name: Phone: Mailing address: City/state/zip: County: Principal business activity (or SIC, if known): 2. May the Oregon Department of Energy publicize your project to promote efficiency to other businesses? Yes No 3. How did you learn of the Business Energy Tax Credit Program? Associate Advertisement Workshop Utility Dealer Other: *OAR 330-090-0130 authorizes the Oregon Department of Energy to use your federal tax identification or social security number as an identification number in maintaining internal records and may be shared with the Oregon Department of Revenue to establish the identity of an individual in order to administer state tax law. Oregon Business Energy Tax Credit One-step Application for Final Certification for Hybrid-Electric Vehicles 6/2010 5 4. Purchase information Date of purchase: Purchase price: $ (include copy of receipt*) Dealer 9s business name: Phone: Dealer 9s address: City State: Zip: 5. Vehicle information 3 Attach a separate sheet for multiple vehicles Make of vehicle: Model of vehicle: VIN number: Oregon license plate number: 6. Eligible vehicle cost (net eligible costs subject to change) Check your vehicle make/model Net eligible cost Chevy Tahoe" SUV Hybrid $9,183 Ford Escape" Hybrid $5,495 GMC Yukon" SUV Hybrid $9,183 Honda Accord" Hybrid $2,054 Honda Civic" Hybrid $4,840 Lexus" RX 400h Hybrid $3,680 Lexus" GS 450h Hybrid $3,000 Lexus" LS 600h Hybrid $5,018 Mazda Tribute" Hybrid $3,985 Mercury Mariner" Hybrid $5,035 Nissan Altima" Hybrid $4,690 Toyota Camry" Hybrid $6,078 Toyota Highlander" Hybrid $6,550 Toyota Prius" Hybrid $5,745 * If this application is for multiple vehicles and the total costs are $50,000 or more, send a letter signed by a Certified Public Accountant (CPA) who is not an employee of your business, to document final costs. A sample CPA letter is available on our Web site. ( www.oregon.gov/ENERGY/CONS/BUS/docs/CPA.pdf ) Oregon Business Energy Tax Credit One-step Application for Final Certification for Hybrid-Electric Vehicles 6/2010 6 7. Pass-through Option Yes No Do you want to use the Pass-through Option? The Pass-through Option will allow you to transfer your tax credit project eligibility to a business or individual (a pass-through partner) in exchange for a lump-sum payment. The payment amount is calculated using the pass-through rate. To use the Pass-through Option, complete this application form and send it to the Oregon Department of Energy. Your application will be reviewed for eligibility. A Pass-through Option Application will be sent to you in return. You and your pass-through partner (the tax credit recipient) will complete and sign the Pass-through Option Application and proceed with the steps outlined in the Pass- through Option Application. Important: There may be tax implications to using the Pass-through Option. Please consult your tax preparer . 8. Business Energy Tax Credit review charge Applications will not be reviewed until the review charge is paid in full. Eligible Project Cost (See 6) ___________________x .0035 = $______________________ The minimum payment is $10. The maximum payment required is $35,000. Make check payable to the Oregon Department of Energy and include with this application. You may also pay by Visa or MasterCard. I want to pay by Visa/MasterCard. Please contact me at this phone number: ________________. Contact Name:_______________________________________. If all or a portion of your application is denied, or if a change in your project results in lower costs, a portion up to 75 percent of this payment may be refunded within two years of pre-certification. If you add to your approved project, you must send a written description of the additions and the costs to be eligible for a tax credit. If the Oregon Department of Energy approves the additional eligible costs, an additional payment may be required. For more information, see Oregon Administrative Rule 330-90-0150. Oregon Business Energy Tax Credit One-step Application for Final Certification for Hybrid-Electric Vehicles 6/2010 7 9. Project Owner Statement 1. I understand that Oregon Department of Energy approval and certification of my project i tax credit purposes only. The Oregon Department of Energy does not guarantee or in any way ensure the performance of any equipment, the quality of any system or the reliability of any dealer. 2. I agree that the project will comply with all local, state and federal requirements. I will obtain all necessary permits. 3. I will permit the Oregon Department of Energy or its agents to inspect the project at its discretion to make sure the project qualifies for the tax credit. I understand that if I give false information about the project, or if I refuse to permit the Oregon Department of Energy to inspect the project, I will not get the tax credit. 4. I understand that this tax credit application is a public record and that Oregon Department of Energy may be required by law to disclose information in this tax credit application to the public on request. I have marked any information that I request be kept confidential. I understand that marking information does not guarantee that it will be kept confidential and that the Director of the Oregon Department of Energy will make any decisions regarding public disclosure of information contained in this application in accordance with the Oregon Public Records Law. 5. I understand that the Oregon Department of Energy does not endorse any company that requests information on this application and does not sell information as a mailing list. 6. I hereby release the State of Oregon and its commissions, agencies, officers, employees, contractors, and agents, and agree to defend and indemnify the foregoing from and against any claims, demands, or costs (including attorney and expert witness fees at trial and on appeal) arising from or in any way related to the Oregon Department of Energy 9s issuance or failure to issue any pre-certification or final certification for a Business Energy Tax Credit, or any party 9s inability to obtain a Business Energy Tax Credit. 7. I understand that the sum of all financial incentives and the tax credit cannot exceed the total eligible project cost. 8. I have enclosed a check to the Oregon Department of Energy or will pay by Visa or MasterCard for the review charge. 9. I verify that the project owner does not restrict membership, sales, or services on the basis of race, color, creed, religion, national origin, sexual preference or gender. 10. I have completed this form to the best of my knowledge. 11. I certify that I am the project owner or the authorized agent. I have read and agree with the terms and conditions of the Project Owner Statement. Signature: ____________________________________________Title: _____________________ Printed Name:_________________________________________Date:_____________________ Oregon Business Energy Tax Credit One-step Application for Final Certification for Hybrid-Electric Vehicles 6/2010 8 5. Tax Credit Recipient Statement Please photocopy for each tax credit recipient 1. I understand that OAR 330-090-0130 authorizes the Oregon Department of Energy to use my federal tax identification or social security number as an identification number in maintaining internal records and may be shared with the Oregon Department of Revenue to establish the identity of an individual in order to administer state tax law. 2. I understand that this tax credit application is a public record and that Oregon Department of Energy may be required by law to disclose information in this tax credit application to the public on request. I have marked any information that I request be kept confidential. I understand that marking information does not guarantee that it will be kept confidential and that the Director of the Oregon Department of Energy will make any decisions regarding public disclosure of information contained in this application in accordance with the Oregon Public Records Law. 3. I understand that the Oregon Department of Energy does not endorse any company that requests information on this application and does not sell information as a mailing list. 4. I hereby release the State of Oregon and its commissions, agencies, officers, employees, contractors, and agents, and agree to defend and indemnify the foregoing from and against any claims, demands, or costs (including attorney and expert witness fees at trial and on appeal) arising from or in any way related to the Oregon Department of Energy 9s issuance or failure to issue any pre-certification or final certification for a Business Energy Tax Credit, or any party 9s inability to obtain a Business Energy Tax Credit. 5. I verify that the tax credit recipient does not restrict membership, sales, or services on the basis of race, color, creed, religion, national origin, sexual preference or gender. 6. I have completed this form to the best of my knowledge. Tax Credit Recipient (Please print) Business Energy Tax Credit # Name: Phone: Mailing address: City/state/zip: Soc. Sec. or Tax I.D. #: Tax Credit share: % I have read and agree with the terms and conditions of the Tax Credit Recipient Statement. Signature:_______________________________________ Date:___________________________ Printed Name: ___________________________________ Title: ____________________________ Send completed application with payment to: Oregon Department of Energy, 625 Marion St. NE, Salem, OR 97301-3737. If you have questions, call 1-800-221-8035 (toll-free in Oregon) or (503) 378-4040 or visit our website: www.oregon.gov/energy

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