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November 5, 2009

Oregon trims tax breaks for green energy projects

  • An Oregonian investigation found some companies that got credits filed for bankruptcy protection or failed to perform.
  • SALEM, Ore. (AP) — Oregon's Department of Energy has issued new rules aimed at curbing a state program that grants lucrative tax credits for wind, solar and other renewable power plants.

    The changes are intended to trim the program's cost by making it harder for one project to qualify for multiple tax credits and by giving state officials greater leeway to deny an application.

    . . .

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