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Article: Panel agrees on bounty of tax breaks.
- Article from:
- ORian
- Article date:
- June 19, 2007
CopyrightCOPYRIGHT 2007 The Oregonian. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Betsy Hammond
Jun. 19--SALEM -- With little debate, the Oregon Senate's tax-writing committee agreed Monday on key elements of a $25 million package of tax breaks for developers of wind farms and biodiesel plants, parents saving for college, filmmakers, builders of energy-efficient homes and a host of others.
They also unveiled a plan to offset most of those tax breaks by raising taxes a bit on wealthy individuals -- couples earning more than $234,600 or singles earning more than $156,400.
Collectively, high-income Oregonians would pay about $9 million a year more in state income taxes because their personal tax credits would shrink by ...