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Oregon lawmakers cut proposed manufacturing tax credit

from The Oregonian

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 July 5. Sen. Ginny Burdick, D-Portland, 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 recently, 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. more

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