OR SB927

Creates an income or corporate excise tax credit for owners of eligible solar, wind, or energy storage facilities for amounts paid for transmission services to the Bonneville Power Administration, electric utilities, or other parties for up to 600 megawatts of nameplate capacity

Eligible facilities must be sited in Oregon, placed in service on or after January 1, 2026, and owned entirely by non-utility entities

Credit equals 100% of taxpayer's tax liability for the first 5 years, then 75% of tax liability for the following 15 years, with unused credits carrying forward up to 5 years

Taxpayers must obtain preliminary certification from the State Department of Energy before construction and final certification upon facility completion to claim the credit

Applies to tax years beginning on or after January 1, 2026, with a biennial cap on total preliminary certifications (amount left blank in bill text)