This year, the Oregon Legislature will evaluate 19 tax credits for business, environment and economic development initiatives that are set to expire.
This year, the Oregon Legislature will evaluate 19 tax credits for business, environment and economic development initiatives that are set to expire.
Some of the tax credits to be looked at are for installing solar panels and planting new trees in commercial forestland.
In 2009, Democrats in control of the House and Senate set nearly all of Oregon’s tax credits to expire. Lawmakers meet for up to five months beginning on Tuesday.
“It may well be that we conclude that it’s working well and we should continue doing it,” said Rep. Tobias Read, D-Beaverton. “But we feel very strongly that that’s a responsible thing to do, to find out whether a tax credit is having its intended effect.”
The debate is sure to spark intense interest from taxpayers who save money from tax credits and the lobbyists who work for them.
Read more at The Register-Guard.
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