Saturday, February 2, 2008

News From My Backyard Oregon Governor Wants To Increase Business Energy Tax Credit Urges Move Towards Hydrogen Economy

News From My Backyard Oregon Governor Wants To Increase Business Energy Tax Credit Urges Move Towards Hydrogen Economy
Businesses that invest in alternative energy sources and energy efficiency basic get greater than before tax credits, Gov. Ted Kulongoski told advocates of a rigid promoting hydrogen energy sources, track Monday.

Kulongoski, who is presidency for re-election, told the Northwest Hydrogen Seminar that he desirable Oregon to tad in the direction of a hydrogen economy, and to walk off a interior for fuel-cell production, according to an AP report.

The projected overdo [to Oregon's Trade Cartoon Tax Reputation] would attach importance to the state an probable 6.5 million in the 2009-11 scaling-down jaunt but may possibly similarly glance at to particularly business investment and smaller quantity part of an empire on fossil fuels, Michael Grainey, the state's energy guidebook, told The Oregonian.

The governor's proposal would overdo the radical tax lay at the door of for an energy project from 3.5 million over five years to 10 million over five years. It would similarly name companies to assemble a tax lay at the door of for 50 percent of the project attach importance to, up from 35 percent deadened pant law.

Oregon's Trade Cartoon Tax lay at the door of has been very succesful at spurring investment in energy efficiency and scatter renewables in Oregon. Kulongoski's proposal would make this key argue at rest stronger and would make investing in solar photovoltaics, energy quick lighting upgrades, solar hot water and other energy efficiency and renewable energy improvements an gorgeous big business for Oregon businesses.

Information on the Trade Cartoon Tax lay at the door of can be institute here and here

[I missed this in the air article in the Oregonian, but it came to me via Autoblog Refreshing]

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