(at the request of House Interim Committee on Sustainability and Economic Development)
Chief Sponsors:
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Regular Sponsors:
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Bill Title:
Relating to incentives for business hiring; appropriating money; prescribing an effective date.
Catchline/Summary:
Authorizes Oregon Business Development Department to administer Oregon Business Retention and Expansion Program to grant incremental Oregon Business Retention and Expansion Program tax revenues to certified employers. Authorizes Oregon Business Development Department to administer Oregon Business Retention and Expansion Program to grant incremental Oregon Business Retention and Expansion Program tax revenues to certified employers. Specifies provisions of grants.
Establishes Oregon Business Retention and Expansion Program Grant Fund. Continuously appropriates moneys in fund to Oregon Business Development Department.
Appropriates moneys from General Fund to department for purposes of administering program.
Specifies rate of withholding on taxable income of person employed by certified employer.
Applies to tax years beginning on or after January 1, 2012.
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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HB 2197 House Committee On Business and Labor
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