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Oregon House passes 3 renewable energy bills.

House Bill 2210B was voted on and PASSED in the Oregon House just now.

This measure is designed to encourage the Oregon based growing and production of biofuels. These including tax credits for producers or growers, some easing of restrictions of where biofuels production facilities can be sited, and a standard for quality and volume of biofuels in Oregon use.

However one thing that catches my eye, is the consumer tax credits:

Sections 24-28 provide for:
"BIOFUEL CONSUMER INCOME TAX CREDIT"

25.2.a - "A resident individual shall be allowed a credit against the taxes otherwise due under ORS chapter 316 for costs paid or incurred to purchase fuel blends for use in an alternative fuel vehicle."

The sections go on to describe the details, and the amounts.

But basically - for E85 or greater use, or B99 or greater use can get as much as 50 cents per gallon up to $200 max per year tax credit for using biofuels!

That will be a nice benefit for those of us who have been using Biodiesel for years now. Joy!

Additionally 2211B and 2212A passed as well.

Lets see what the Senate does with them...

Comments

Gr8fulTed said…
What??? Portland areas are called neighborhoods and not districts?

I didn't get that memo!

I've always called them districts; the Hollywood District, the Parkrose District, the Pearl district....who made the change????

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