Monday, March 2, 2009
The City of Portland OR may soon tax new construction that does not meet LEED silver-certified standards. The tax (called a "feebate") would apply to commercial buildings larger than 20,000 square feet. Buildings that meet LEED silver certification standards would not pay the tax and buildings meeting gold or platinum standards would qualify for a rebate. The same proposed policy would apply to multifamily dwellings 5000 square feet and larger. The proposal also sets targets for the percent of single family residential construction to meet LEED or Earth Advantage standards. If the percentage targets are not met, a similar feebate program would be implemented.