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<br /> <br /> <br />ATTACHMENT E <br />IGR BILL REPORT <br />FEBRUARY 23, 2011 / IGR COMMITTEE MEETING <br />CITY OF EUGENE <br /> <br /> <br />HB 2522 <br /> <br />Relating Clause: Relating to residential energy; prescribing an effective date. <br /> <br />Title: Extends sunsets for tax credits for use of biofuel and fuel blends, for use of biodiesel in <br />home heating and for construction or installation of alternative energy devices. <br /> <br />Sponsored by: Introduced and printed pursuant to House Rule 12.00. Presession filed (at the request of <br />House Interim Committee on Revenue) <br /> <br />URL: http://www.leg.state.or.us/11reg/measpdf/hb2500.dir/hb2522.intro.pdf <br /> <br />Contact Respondent Dept Updated Priority Recommendation <br />Babe O’Sullivan CS-CMO 2/14/2011 -- -- <br /> <br />Comments: While no direct impact on city operations or services, the bill is good policy for <br />alternative fuels/energy. <br /> <br />Contact Respondent Dept Updated Priority Recommendation <br />Ethan Nelson PDD-BPS 2/2/2011 Pri 3 Support <br /> <br />Comments: This bill would have no direct impact on city of Eugene operations. <br /> <br />The city should support this bill because it will extend tax credits for residential biofuel <br />use and alternative energy devices (e.g. solar thermal or pv systems), which has been a <br />main financial driver for many of the installed residential systems in Eugene. It does <br />remove the tax credit for alternative fuel vehicles, which will reduce the tax burden of the <br />program as this was a large portion of the tax credits in previous years. The alternative <br />fuels vehicle market is mature enough to continue without tax subsidies, this is not true in <br />regards to alternative energy device markets. The cost of power (vs. the cost of <br />transportation fuels) is still at a low level that the rate of return needs a tax boost to attract <br />residents to invest in renewable energy at the home level. <br /> <br /> <br />HB 2524 <br /> <br />Relating Clause: Relating to alternative fuel vehicles; prescribing an effective date. <br /> <br />Title: Extends sunsets for tax credits for use of alternative fuel vehicles and for construction or <br />installation of fueling stations for alternative fuel vehicles. <br /> <br />Sponsored by: Introduced and printed pursuant to House Rule 12.00. Presession filed (at the request of <br />House Interim Committee on Revenue) <br /> <br /> <br />URL: http://www.leg.state.or.us/11reg/measpdf/hb2500.dir/hb2524.intro.pdf <br />1 <br /> <br /> <br />