2015 Regular Session
|At the request of:||(at the request of Governor John A. Kitzhaber, M.D., for State Department of Energy)|
|Bill Title:||Relating to tax credits for bioenergy; prescribing an effective date.|
Extends sunset for tax credit for biomass collection or production.
Provides that credit is allowed for delivery of biomass to biofuel producer. Adjusts credit rates to reflect current market conditions and energy content of types of biomass. Authorizes State Department of Energy to adjust credit rates annually. Applies to tax years beginning on or after January 1, 2016. Creates tax credit for energy production by certain bioenergy facilities. Directs State Department of Energy to establish pilot program intended to facilitate transition to tax incentives allowed per unit of energy production from current system of incentives allowed per unit of biomass feedstock and to provide for evaluation of effectiveness of energy production-based incentives, including income tax credits, for certain bioenergy facilities. Applies to tax years beginning on or after January 1, 2016, and before January 1, 2022, and to energy production occurring on or after January 1, 2016, and before January 1, 2022. Sunsets pilot program on January 2, 2022. 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|