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Oregon Free Printable Form BPC, Biomass Producer or Collector Credit, 150-101-181 for 2021 Oregon Biomass Producer and Collector Credit

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

Clear This Page 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) Page 1 of 2 Clear This Page 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 Page 2 of 2 150-101-181 (Rev. 02-14)
Extracted from PDF file 2019-oregon-form-bpc.pdf, last modified September 2010

More about the Oregon Form BPC Corporate Income Tax Tax Credit

We last updated the Biomass Producer and Collector Credit in March 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Oregon Department of Revenue. You can print other Oregon tax forms here.


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Other Oregon Corporate Income Tax Forms:

TaxFormFinder has an additional 50 Oregon income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 20-V Oregon Corporation Tax Payment Voucher
Form 20 Instructions Form 20 Instructions
Form 41-V Oregon Fiduciary Payment Voucher and Instructions
Form 41 Oregon Fiduciary Income Tax Return
Form 65 Oregon Partnership Return of Income

Download all OR tax forms View all 51 Oregon Income Tax Forms


Form Sources:

Oregon usually releases forms for the current tax year between January and April. We last updated Oregon Form BPC from the Department of Revenue in March 2020.

Show Sources >

Form BPC is an Oregon Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Oregon Form BPC

We have a total of nine past-year versions of Form BPC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form BPC

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

2018 Form BPC

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

2017 Form BPC

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

2016 Form BPC

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

2015 Form BPC

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

Biomass Producer and Collector Credit 2014 Form BPC

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


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