2007 Regular Session
|At the request of:||(at the request of Governor Theodore R. Kulongoski for State Department of Energy)|
|Regular Sponsors:||(Presession Filed)|
|Bill Title:||Relating to fuel; and prescribing an effective date.|
|Catchline/Summary:||Creates income tax credit for production or collection of biomass used to produce biofuel.
Declares qualifying facilities for collection and storage of biomass to be eligible for consideration under strategic investment program. Requires biennial study of biofuel sector impact on jobs.] Requires State Department of Energy to periodically conduct impact study of biofuels program. Revises certain provisions relating to property tax exemptions in rural renewable energy development zones. Creates income tax credit for consumer use of biofuel fuel blends or solid biofuel. Creates income tax credit for consumer use of biofuel blends for primary home space heating. Establishes renewable fuel use standards. Prohibits sale of gasoline that contains certain additives. Modifies energy facility siting requirement exemptions. Takes effect on 91st day following adjournment sine die.
|Fiscal Impact:||Fiscal Impact Issued|
|Revenue Impact:||Revenue Impact Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|