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State wind credits bill placed on hold

Given a chance to put a bill on Gov. Ted Kulongoski's desk that would cut Oregon's generous wind tax credits, the state House of Representatives paused today. Now a bill that would cut Oregon's Business Energy Tax Credits goes to a conference committee.

Lawmakers want to sort out differnces in two versions of bill

Given a chance to put a bill on Gov. Ted Kulongoski's desk that would cut Oregon's generous wind tax credits, the state House of Representatives paused today. Now a bill that would cut Oregon's Business Energy Tax Credits goes to a conference committee.

The bill had cleared the House earlier this session before it was amended in the Senate. That meant House members had to concur with the changes before the bill could go to the governor's desk.

But in a floor session this afternoon, Phil Barnhart, chair of the House Revenue Committee, instead asked that the differences in the bill be sorted out by a joint committee, made up of three senators and three representatives. Barnhart, Jules Bailey and Cliff Bentz will represent the House in that committee.

Currently, companies can claim a 50-percent credit on renewable energy projects of up to $20 million. The version of House Bill 2472 that passed the House would reduce the cap to $15 million, making the total credit $7.5 million.

The Senate version would lower the credit to 30 percent and the... more [truncated due to possible copyright]  

Lawmakers want to sort out differnces in two versions of bill

Given a chance to put a bill on Gov. Ted Kulongoski's desk that would cut Oregon's generous wind tax credits, the state House of Representatives paused today. Now a bill that would cut Oregon's Business Energy Tax Credits goes to a conference committee.

The bill had cleared the House earlier this session before it was amended in the Senate. That meant House members had to concur with the changes before the bill could go to the governor's desk.

But in a floor session this afternoon, Phil Barnhart, chair of the House Revenue Committee, instead asked that the differences in the bill be sorted out by a joint committee, made up of three senators and three representatives. Barnhart, Jules Bailey and Cliff Bentz will represent the House in that committee.

Currently, companies can claim a 50-percent credit on renewable energy projects of up to $20 million. The version of House Bill 2472 that passed the House would reduce the cap to $15 million, making the total credit $7.5 million.

The Senate version would lower the credit to 30 percent and the cap to $10 million, for a total of $3 million.


Source: http://www.djcoregon.com/ar...

JUN 23 2009
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