About a week or so ago, the NY Times’ Green Inc. blog posted this piece about the tax barriers to the growth of renewable energy companies. Many of the companies rely heavily on something called “tax equity” for their funding, but flaws in the tax equity system inhibit the companies’ growth. This could be a genuine concern for many Oregon businesses because of the vast amount of renewable energy companies in the state, many of which rely heavily upon the government. (more…)
Apparently Oregon’s Business Energy Tax Credit, which is one of a multitude of tax incentives drawing companies to the state (see a list in this previous post), is proving to be more popular and generous than anticipated. The ease of qualifying for, and receiving, the tax credit has pushed the number of applicants to 4,000, as noted in yesterday’s Oregonian, which ran this story about the companies that are benefiting, calling the credit “the state’s fastest growing tax shelter.” (more…)