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OR SB656
Bill
Status
Failed
6/27/2025
Primary Sponsor
Daniel Bonham
Click for details
AI Summary
- Creates a 50% income tax credit for energy producers operating facilities in Oregon, covering wind, solar, landfill gas, digester gas, waste, dedicated energy crops, renewable marine energy, nuclear, fossil fuels, geothermal, and hydroelectric power
- Requires taxpayers to obtain written certification of eligibility from the Department of Revenue before claiming the credit, with unused credits carried forward up to three years
- Establishes the Task Force on Free-Market Energy Production with 13 members (9 voting, 4 ex officio) to review energy production laws and recommend equal regulation of all energy types based on scientific risk-reward analysis
- Task force must submit a report with legislative recommendations to an interim energy committee by September 15, 2026, and sunsets January 2, 2027
- Applies retroactively to tax years beginning on or after January 1, 2024, and takes effect 91 days after the 2025 legislative session adjourns
Legislative Description
Relating to energy; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025
Committee Referrals
Finance and Revenue1/17/2025
Full Bill Text
No bill text available