Relating to recruitment of business; appropriating money; prescribing an effective date.
Catchline/Summary:
Requires Department of Revenue to transfer to Business Recruitment Fund 50 percent of revenue from personal income taxes attributable to new business or expanded business for distribution to community that recruited new business or expanded business. Requires Department of Revenue to transfer to Business Recruitment Fund 50 percent of revenue from personal income taxes attributable to new business or expanded business for distribution to community that recruited new business or expanded business. Requires Oregon Business Development Department to certify community for purposes of distributions.
Establishes Business Recruitment Fund. Continuously appropriates moneys in fund to Oregon Department of Administrative Services for purposes of funding infrastructure projects.
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 3381 House Committee On Revenue
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