BETC – Business Energy Tax Credit

When it comes to state business taxes, the Oregon Business Energy Tax Credit (BETC) can really pay off. BETC allows your company to take a tax credit equal to 350f the eligible costs for transportation-related programs such as:

• Subsidizing all or part of your employees' monthly or annual TriMet passes through TriMet's transit pass programs
• Purchasing equipment that allows employees to work from home
• Offering financial incentives for employees to carpool because of limited public transportation during your shift hours
• Buying equipment to store bicycles
• Financially supporting a Transportation Management Association (TMA)

For more information on Oregon's BETC program or to request an application, contact the Oregon Department of Energy at 1-800-221-8035.

Choosing a Transit Pass Program

TriMet's programs are easy to administer and a great way to encourage your employees to take public transportation. They're also a clear demonstration of your commitment to employee satisfaction and the livability of our region. Here's how they compare.

 

	Universal	Select	Direct
Who can participate	All eligible employees	Employer's discretion	Employer's discretion
Cost	Based on Employee Commute Options (ECO) survey results	$946 per pass—12 months for the price of 11	Monthly pass price plus $1.50 shipping and handling per order
Renewable every:	Year	Year	Month
Employees carry:	"All zone" sticker on employer's ID badge	"All zone" sticker on employer's ID badge	Paper pass
Benefits	Universal	Select	Direct
Employer may subsidize cost for employees	Yes	Yes	Yes
Emergency ride home (for employers that subsidize a minimum of $10 per month)	Yes	Yes	Yes
New-employee kits	Yes	Yes	Yes
Photo ID badges from TriMet	Yes	Yes	No
Tax savings	Universal	Select	Direct
Employer tax savings through pretax dollars and BETC credit	Yes	Yes	Yes
Employee tax savings through pretax dollars	Yes	Yes	Yes