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Wind farm tax credits questioned

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Wednesday, September 18, 2013

Lawmakers are divided on whether Oregon's Department of Energy erred in giving $30 million in tax credits to three Eastern Oregon wind farms.

The department approved three $10 million Business Energy Tax Credits in 2012 to one New York-based company because, it said, the company had created three smaller “corporations” to run each of its wind farms. Department officials said the BETC rules — long considered a problematic quagmire — allowed each corporation to take its own tax credit.

Lawmakers suggested the company created those three limited-liability corporations on purpose to receive an extra $20 million it didn’t truly qualify for.

Read more at The Statesman Journal.

 

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