Three bills may replace BETC


Three bills are under proposal in Salem to replace Oregon’s controversial Business Energy Tax Credit.

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Three bills are under proposal in Salem to replace Oregon’s controversial Business Energy Tax Credit.

The three bills would separate the major parts of the BETC—manufacturing, power generation and energy conservation projects.

The manufacturing tax credit program, [State Rep. Tobias Read, D-Beaverton] said, would largely be unchanged.

But the tax credits focused on energy conservation and generation face the biggest changes.

The BETC as it’s structured today provides tax credits valued at up to half the cost of a project. But Read wants to avoid having developers rely on the tax credit to make their projects work financially.

Read more at Sustainable Business Oregon.

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