A new bill introduced at Oregon’s Legislature would eliminate the Business Energy Tax Credit and replace it with smaller, more limited tax breaks.
A new bill introduced at Oregon’s Legislature would eliminate the Business Energy Tax Credit and replace it with smaller, more limited tax breaks.
If adopted in its current form — and the proposal seemed to gain instant momentum — the bill could save the state hundreds of millions of dollars. It also could signal a broader cultural shift at the Legislature, which has struggled in recent years to trim even the smallest tax breaks.
“It really addresses that uncontrolled growth, that uncontrolled balloon,” said Rep. Jules Bailey, D-Portland, who helped draft the changes contained in House Bill 3671. “It helps us move to a clean energy economy but without that runaway spending.”
Read more at OregonLive.com.
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