Requires business firms receiving property tax relief under strategic investment program to report average employment and wages to Economic and Community Development Department on annual basis. Requires business firms receiving property tax relief under strategic investment program to report average employment and wages to Economic and Community Development Department on annual basis.
Requires Oregon Department of Administrative Services to estimate personal income tax revenue directly attributable to wages and salaries associated with employment gains reported to Economic and Community Development Department and to transfer 50 percent of cumulative amount for all eligible projects to Shared Services Fund.
Establishes Shared Services Fund. Continuously appropriates moneys in fund to Oregon Department of Administrative Services for distribution to taxing districts.
Applies to tax years beginning on or after January 1, 2009, and before January 1, 2019.
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SB 954
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