OAR 340-016-0220: Truck Engine Tax Credits: Definitions

(1) "DEQ" means the Department of Environmental Quality. (2) "The 2003 Laws" means Oregon Laws 2003, Chapter 618, Sections 28 through 32 as reprinted in a note following ORS 315.356. (3) "Program limitation" means the maximum amount of $500,000 that DEQ may approve in tax credits for all taxpayers in any one calendar year as provided by Section 29(3) of the 2003 Laws. (4) "Tax credit" or "credit" means the truck engine tax credit or the amount of the truck engine tax credit. (5) "Taxpayer limitation" means the maximum amount of $80,000 in tax credits that DEQ may approve for one taxpayer in any one calendar year as provided by Section 28(3) of the 2003 Laws.