- Associated Press - Friday, September 9, 2016

SALEM, Ore. (AP) - An independent audit of Oregon’s Business Energy Tax Credit has found inconsistencies in more than one-third of the credits issued since 2007.

According to a report from financial crime consulting company Marsh Minick some $347 million in tax credits issued by Department of Energy had risk factors including conflicts of interest, businesses that closed, suspicious eligible cost documents and other concerning risk factors.

Oregon Secretary of State Jeanne P. Atkins has sent additional project files to the Oregon Department of Justice for review.

Energy Department Director Michael Kaplan says Marsh Minick may have underestimated the number of problematic tax credits and said the report confirmed many issues he had highlighted to legislators.

A legislative oversight committee is meeting to determine how best to restructure the program.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide