Alternative Fuel Vehicle (AFV) and Fueling Infrastructure Tax Credit for Businesses
Business owners and others may be eligible for a tax credit of 50% of eligible costs for qualified alternative fuel infrastructure projects through the Business Energy Tax Credit. Fueling infrastructure for fuels such as propane and natural gas may qualify for a tax credit of 35% of eligible costs. A tax credit of 35% of eligible costs is also available for other qualified AFV projects. The credit is filed over five years. Unused credits from a given year can be carried forward up to eight years. For projects with eligible costs of $20,000 or less, the tax credit may be taken in one year.
An eligible applicant (a project owner) must meet the following requirements:
- 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;
- Own or be the contract buyer of the project; and
- Use the equipment or lease it to another person or business in Oregon.
(Reference House Bills 3672 and 3606, 2011, and Oregon Revised Statutes 469.185-469.225 and 469.878)