The Oregon Legislature Puts New Limits on Business Energy Tax Credits


Oregon's Business Energy Tax Credit ("BETC") is undergoing significant changes as a result of HB 3680, passed by the Oregon Legislature on February 23, 2010. The governor has indicated he will sign the bill. HB 3680 will place new financial limits on the program and give more discretion to the Director of the Oregon Department of Energy ("ODOE") to reject BETC applications and to reduce the amount of BETCs delivered to projects.

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