Oregon Biomass Producer and Collector Credit

Biomass Producer and Collector Credit
Form BPC, Biomass Producer or Collector Credit, 150-101-181
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Tax year

Form

BPC

Biomass Producer or Collector Credit

(or fiscal year end date)

This form is for tax years 2007 through 2009 only

Name

Social Security number (SSN)/Oregon business identification number (BIN)

Address (city, state, and ZIP code)

Phone

Fill out this form if you earned a biomass producer or collector (BPC) credit or received a BPC credit from someone who
earned the BPC credit in tax years 2007, 2008, or 2009. Do not use this form for tax years beginning January 1, 2010.
1.	Are you a pass-through entity, such as an S corporation or partnership, passing through BPC credits to owners or
partners?
a. Yes. Complete parts A and C and provide the form to the owners or partners to complete and attach to their individual return(s). No forms are required to be sent in by the pass-through entity.
b. No. Continue to question 2.
2.	Did you receive a BPC credit because it passed through to you from a pass-through entity, such as an S corporation
or partnership?
a. Yes. Complete Part B of the form you received from the pass-through entity then skip question 3 and continue to
question 4. Part A must be completed by the pass-through entity.
b. No. Continue to question 3.
3.	Are you an agricultural producer or biomass collector who earned the BPC credit by transferring biomass to a biofuel
producer?
a. Yes. Complete parts A and B, then continue to question 4.
b. No. Skip question 4 and continue to question 5.
4.	If you answered yes to question 2 or 3, did you transfer any BPC credits to another taxpayer?
a. Yes. In addition to parts A and B, complete Part C and a Transfer Notice of Certain Credits form (150-101-179) with
the transferee.*
b. No. You only need to complete parts A and B and attach this form to your return.
5.	Was the BPC credit transferred to you?
a. Yes. Complete Part B and the Transfer Notice of Certain Credits form and attach both forms to your tax return.*
b. No. You cannot claim this credit.
*Note: Both the transferor and the transferee must attach Form BPC to their returns. The transferee will also attach the
Transfer Notice for Certain Credits form.

Part A: Calculation of the credit
Please describe the quantity, type, and name of the biofuel producer to which the biomass was transferred only for the
tax year for which this form is being filed. Attach a separate sheet if necessary. Enter the total on line 4e.

(a)
Date

(b)
Biomass
type

(c)
Quantity of biomass
(in pounds, gallons,
wet tons, etc.)

(d)
Credit rate**

(e)
Multiply credit rate by
quantity; this is the amount
of the credit you have
earned on this transaction

(f)
Name of the
biofuel producer

1.
2.
3.
4.

Total

**To obtain credit rates, see Publication 17½ available at www.oregon.gov/dor.
Important! You must keep copies of receipts from a biofuel producer to support your calculations above. Keep these in
your records for five years. You must provide a copy to the department upon request.
150-101-181 (Rev. 02-14)

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If Part A was completed by a pass-through entity, provide the following information:
Name of pass-through entity:
FEIN or BIN of entity:

Part B: Schedule of credit amount
Use the schedule below to calculate how much of the credit you can use in the current tax year.
Note: Use the prior year column to determine your carryforward amount for the current tax year.
Prior year
(column 1)

Current year
(column 2)

a.	 Enter the BPC credit that you earned or that was passed through to you
from a pass-through entity, such as an S corporation or partnership..................... a
b.	 Enter the BPC credits transferred to you on a Transfer Notice of
Certain Credits form.............................................................................................. b
c.	 Enter BPC credits you are carrying forward from a prior year............................. c
d.	 Add lines a through c and enter the total.............................................................. d
e.	 Enter the BPC credit you used on your return...................................................... e
f.	 Enter the BPC credits you transferred to a third party for consideration.............. f
g.	 Enter line d minus line e and line f. This is your carryforward available
for use in future tax years...................................................................................... g

Part C: Distribution of transferred or passed-through credits
If you transferred credits to more than one taxpayer for consideration, please attach a schedule listing to whom the credits
were transferred, the amount of the credit that was transferred to each person (in dollars), and how much consideration
you received for the transferred credits (in dollars). You will also need to complete a Transfer Notice of Certain Credits form
with each transferee. A copy of that form needs to be attached to the return of the transferee, along with Form BPC.
S corporations and partnerships that pass through credits to partners or owners must keep a schedule detailing the
amount of credit that each partner or owner received (in dollars). You must provide a copy to the department upon
request.
I (we) certify under penalty of perjury the above statements are true. Corporate officers, fiduciaries, or other qualified
persons signing on behalf of taxpayer(s): By signing, I also certify that I have the authority to execute this form.
Signed under penalty of perjury:
Taxpayer’s signature

X

Date

Attach this completed notice to the tax return of the taxpayer or corporation claiming or transferring the credit. If filing
electronically, fax this notice to 503-345-2354, labeled “Attn: Suspense,” or mail it to:
Oregon Department of Revenue
Attn: Suspense
PO Box 14999
Salem OR 97309-0990

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150-101-181 (Rev. 02-14)