Relating to Oregon Convention Center headquarters hotel; appropriating money; prescribing an effective date.
Catchline/Summary:
Authorizes Director of Oregon Department of Administrative Services, with approval of State Treasurer, to enter into agreements to grant incremental Oregon Convention Center headquarters hotel tax revenues for period of not more than 30 years. Authorizes Director of Oregon Department of Administrative Services, with approval of State Treasurer, to enter into agreements to grant incremental Oregon Convention Center headquarters hotel tax revenues for period of not more than 30 years. Specifies provisions of grants. Limits state liability.
Establishes Oregon Convention Center Headquarters Hotel Grant Fund. Continuously appropriates moneys in fund to Oregon Department of Administrative Services.
Specifies rate of withholding on taxable income of person employed in construction or operation of Oregon Convention Center headquarters hotel.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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