HB 3087
Creates an income or corporate excise tax credit for the amount paid by an owner of an eligible generation facility for transmission services.
Jurisdiction
Oregon
Session
2025 Regular Session
Committee
Climate, Energy, and Environment
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Sign in to take actionPublic sentiment
Support
100%
Oppose
0%
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates a tax credit for owners of eligible generation facilities, such as solar or wind farms, that pay for transmission services. The credit is calculated based on the amount paid to the Bonneville Power Administration, an electric utility, or other parties for up to 600 megawatts of capacity. The credit is available for facilities placed in service starting January 1, 2026, and applies to tax years beginning on or after that date. It also modifies existing tax laws regarding how business tax credits are handled for S corporations.
Key provisions
- Creates an income or corporate excise tax credit for transmission service payments.
- The credit is calculated based on payments to the Bonneville Power Administration or electric utilities for up to 600 megawatts of capacity.
- Eligibility for facilities includes being owned by a non-utility entity, sited in Oregon, and having an interconnection agreement.
- The credit is phased out over time, with the maximum amount decreasing for later tax years.
- A taxpayer must receive certification from the State Department of Energy to claim the credit.
- Unused credits can be carried forward to subsequent tax years.
- The bill modifies existing tax laws regarding the treatment of business tax credits for S corporations.
- The bill takes effect 91 days after the adjournment sine die of the 2025 legislative session.
Who is affected
- Owners of eligible generation facilities (solar, wind, and energy storage)
Sponsors
Official sponsors from legislative records.
Primary sponsor
Emerson Levy
Cosponsor
Arguments in favor
Reasons to support this legislation.
Supporters of House Bill 3087 generally agree that the proposed corporate income tax credit will incentivize investment in Oregon's clean energy development, ultimately contributing to the state's goal of reducing greenhouse gas emissions. Proponents argue that the tax credit will alleviate financial burdens on renewable energy generation facilities, making projects more economically viable and increasing the likelihood of new developments. By encouraging private sector investment in clean energy, supporters believe that HB 3087 can accelerate Oregon's transition to a low-carbon economy and promote sustainable economic growth.
Source: Testimony Summaries
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