Bill > HB3087

This bill creates a new tax credit for owners of renewable energy generation facilities in Oregon, specifically targeting solar, wind, and energy storage projects. The bill defines an "eligible generation facility" as a facility that generates electricity from solar or wind energy, or provides energy storage, is owned by non-utility entities, located in Oregon, and first placed in service between January 1, 2026, and January 1, 2032. The tax credit allows facility owners to offset their state income or corporate taxes by the amount paid for transmission services, up to 600 megawatts of the facility's nameplate capacity. In the first five tax years after the facility is placed in service, the credit can offset 100% of the taxpayer's tax liability, and in the subsequent 15 years, it can offset up to 75% of the tax liability. Taxpayers must obtain written certification from the State Department of Energy to claim the credit and can carry forward unused credits for up to three years. The bill amends existing tax laws to incorporate this new credit and will take effect 91 days after the 2025 legislative session adjourns, applying to tax years beginning on or after January 1, 2026.

Agriculture and Natural Resources

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB3087