Section 285C.653 - Tax credit utilization limit per tax year; rules(1) Once the Oregon Business Development Department has certified a cumulative amount of qualified equity investments that can result in the utilization of $16 million of tax credits in any tax year, the department may not certify any more qualified equity investments under ORS 285C. 650. This limitation shall be based on the scheduled utilization of tax credits without regard to the potential for taxpayers to carry forward tax credits to later tax years.(2) The department shall reserve 15 percent of the total amount of qualified equity investments that receive certification under ORS 285C. 650 for investments in qualified active low-income community businesses that:(a) Have a primary purpose of improving the environment or reducing emissions of greenhouse gases; or(b) Produce goods that directly reduce emissions of greenhouse gases or are designed as environmentally sensitive replacements for products in current use.(3) The department shall establish by rule procedures and criteria for implementing the provisions of this section. See notes under 285C. 650.