Form Or-Tfr - Transfer Notice For Certain Credits (Page 2 of 2) in pdf

15690001020000

Section B—Use this section to list partners or owners that will receive a distributive share of an Oregon credit awarded or sold to a

pass-through entity, such as a partnership or S-corporation.

By providing this information, we can assign the distributive share of each credit directly to a partner’s or owner’s account. This will

reduce processing time for tax returns claiming those credits and the need to gather additional information from the credit recipients

or the certifying agency. Submit this form as soon as you know each owners distributive share of the credit and no later than within

30 days following the close of the PTE’s tax year. Without this information the credit may be denied on the partner’s or owner’s tax

return.

Part 1—Pass-through entity (PTE) information. Provide the PTE name, address, and federal employer identification number (FEIN).

Part 2—Owner or partner information. Complete all fields for each owner.

Name and address—List the full name, Social Security number (SSN) or FEIN, and address for each credit recipient. If two owners

are filing jointly, list them separately. Don’t use the address for the PTE.

Tax year—List the first year in which the credit is available to be claimed.

Credit code—Report the credit code for each credit. A list of standard numeric credit codes is available in Publication OR-17.

Distributive share—Provide the distributive share of each credit that is being passed through for each owner. Enter only as a dollar

amount and round to the nearest dollar. Don’t use percentages.

Example—ABC partnership received a biomass producer or collector credit of $4,000 for tax year 2016 from the Oregon

Department of Energy. The partnership has four partners each with a 25 percent share in the partnership. Two of the partners will be

filing jointly. Using this schedule, ABC partnership will list out all four owners, even though two will be filing jointly, and the partners’

addresses. ABC partnership will also list 2016 as the tax year with credit code 838 and report a $1,000 distributive share of the

credit for each partner.

Use additional schedules as necessary. You may provide your own schedule, but it must contain all of the same information. Don’t

use this section to transfer (or sell) a transferable credit from one taxpayer to another. See section A for information on transferring

credits. Fax or mail this form to the fax number or mailing address provided on page 1.

Part 1—Pass-through entity (PTE) information.

PTE name

Address

FEIN

Part 2—Owner/Partner information.

Distributive share

Name

SSN or FEIN

Address

Tax year

Credit code

of credit

150-101-179 (Rev. 12-16)

Form Or-Tfr - Transfer Notice For Certain Credits Page 2