Heavens to BETC: State sets hearing on embattled incentives program
By Andy Giegerich
Sustainable Business Oregon editor
The state's BETC program, at least in its current form, is coming to an end.
The Business Energy Tax Credit program is going away, but its supporters and critics will get one last chance to weigh on its plusses and minuses.
The Oregon Department of Energy will hold a public hearing on April 24 for the program’s proposed rule changes. Even though the 2011 Oregon Legislature replaced the program with the Energy Incentives Program, the Department must still carry out its obligations to BETC participants before that program ends in June 2014.
The proposed changes address application deadlines, an expansion of the program’s transfer process and whether the tax credits are, indeed, transferable.
The hearing takes place at the Department’s Salem office. Those who can’t attend can call 877-771-7176 and enter the access code 481079.
Applications for the program flooded into the state before the Jan. 1 deadline.
But critics blasted the program for giving too much away to out-of-state companies, among other complaints.
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