2015 Regular Session
|At the request of:||(at the request of House Interim Committee on Revenue)|
|Bill Title:||Relating to a tax credit for contributions; prescribing an effective date.|
Creates tax credit for contributions to Zero-Emission Incentive Fund.
Directs Department of Revenue, in cooperation with Director of State Department of Energy, to conduct auction of tax credits. Creates Charge Ahead Oregon program for purpose of increasing use of electric and battery-operated vehicles in Oregon. Establishes Zero-Emission Incentive Fund and requires that auction proceeds be deposited in fund for purpose of making rebates to purchasers of alternative fuel vehicles or zero-emission vehicles. Provides for payment of rebates from fund and for administration of rebate program by Director of State Department of Energy. Limits amount of credits and corresponding rebates to $30 million] $___ for any biennium. Applies to tax years beginning on or after January 1, 2016] 2015, and before January 1, 2022, and to applications for rebates submitted after July 1, 2015] 2016. 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|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Revenue|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|