Tax credits cut

The Senate considers a bill to reduce tax breaks for renewable energy projects.

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The Oregon Senate is reviewing a bill that would change the state’s tax credits for renewable energy. But would the law damage Oregon’s ability to attract renewable energy projects and jobs?

Oregon isn’t the windiest state. It has become a top producer of wind power, renewable energy businesspeople say, because of tax breaks the state gives businesses.

“Horizon moved here in 2000-2001 not because Oregon was the best wind resource in the nation, but because of the policies coming out of the Legislature,” said Elon Hasson, project manager for Horizon Wind Energy. “And, because of that, it has become quite successful.”

A bill under consideration in the state Senate could reduce those tax breaks substantially.

Read the full article in the Daily Journal of Commerce.

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