Oregon lawmakers have drained a proposed $150 million pool of incentives for the state’s manufacturing sector.
The so-called “Manny” tax credits were axed from an amendment filed Friday.
Sen. Ginny Burdick, a Portland Democrat who chairs the Senate Finance and Revenue Committee, said lawmakers needed more time to weigh the proposed credits.
The first written draft of the proposal was submitted a week ago, as lawmakers were trying to wrap up the session. The plan was meant to replace the manufacturing Business Energy Tax Credits, which expire at the end of the year.
The new plan would offer tax credits worth as much as $10 million to just about any manufacturer, a significant departure from the BETC program. That fund helped build Oregon’s green manufacturing cluster, extending millions of dollars to companies that included SolarWorld, Sanyo Solar and SoloPower.