OAR 330-230-0120: Pass-Through Eligibility

(1) An applicant eligible to receive a tax credit may transfer the credit in return for a cash payment. (2) An eligible individual or entity that pays the present value to purchase the approved tax credit from the applicant is eligible to claim the tax credit in place of the original applicant. (3) A tax credit may be transferred one time only, from the applicant to an eligible pass-through partner. (4) A tax credit that has been transferred to a pass-through partner may be first claimed during the tax year of the pass-through partner in which the pass-through partner paid for the credit, in accordance with ORS 469B.297(3) or 469B.338(3).