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Home / Oregon Republicans Want Tax Breaks for Homes and BusinessesOregon Republicans Want Tax Breaks for Homes and Businesses
Last Updated on Friday, 30 January 2009 11:25 Written by rslcpol Friday, 30 January 2009 11:25
From OregonLive.com:
The gist is a 50 percent tax credit for the cost of improvements. If the project is considered “green,” such as installing solar paneling, the credit rises to 100 percent.
For homeowners, the credit would have a minimum limit of $10,000 and top out at $50,000. For businesses, the range is $25,000 to $500,000. To qualify, projects must start before Sept. 1, and the credits are taken over five years.
The plan was presented to reporters this morning by House Minority Leader Bruce Hanna, R-Roseburg. Asked what kind of impact it might have on the state’s general fund, Hanna said they’re still working on the figures.