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Oregon lawmakers consider BETC reincarnation

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Friday, June 28, 2013

Oregon lawmakers are considering a $25 million annual pool to replace the expiring manufacturing Business Energy Tax Credit program.

Although green energy companies remain the priority, the move diversifies taxpayers' portfolio beyond solar manufacturers. High-dollar recipients such as SolarWorld and SoloPower have been pummeled by foreign competition and a tough economy.

Officials instead could extend as much as $10 million to nearly any manufacturer able to meet pay and hiring benchmarks. The House Revenue Committee is expected to take up the issue, which faces a long road ahead.

Read more at OregonLive.com.

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