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Local News

Some Tax Breaks to be Eliminated


State tax breaks for businesses across Oregon will probably go away soon. This session, lawmakers are taking an extensive look at the many tax breaks the state offers and is taking out ones that aren't used much or are too generic. State Senator Chris Telfer of Bend was heavily involved in this process. Telfer says by making these changes, the state will go from $273 million worth of tax credits to just $10 million in the next bi-ennium.   "So a lot of credits didn't get extended.  A lot of them got cut dramatically. Some of them, I think, are warranted. I kept waiting to hear; give me a justification as far as jobs created, never really did hear any of that. But for $10 million, there's not a lot of money going into any of them." The process of going through all these credits also resulted in new tax breaks for conservation projects, renewable energy generation and transportation, and solar panel manufacturing.

 

 

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