(at the request of House Interim Committee on Energy, Environment and Water)
Chief Sponsors:
Add
Remove
Regular Sponsors:
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Remove
Bill Title:
Relating to energy incentives programs; and prescribing an effective date.
Catchline/Summary:
Modifies statutes governing energy-related income and excise tax credits. Modifies statutes governing energy-related income and excise tax credits. Provides that auction of tax credits for renewable energy development contributions may occur no later than April 15 following tax year. Provides that, once sold, tax credits for renewable energy development contributions may not be revoked. Provides that appropriation may replace all or portion of tax credits available through auction process. Provides for tax credit for transportation project to be claimed over period of years. Limits amount of allowable tax credits for transportation projects in any biennium to $20 million. Limits amount of allowable tax credits for production or collection of biomass in any biennium to $20 million.] Requires information about energy-related tax credits to be posted on Oregon transparency website maintained by Oregon Department of Administrative Services.
Takes effect on 91st day following adjournment sine die.
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HB 4079
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