(at the request of Senate Interim Committee on Business, Transportation and Economic Development)
Chief Sponsors:
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Regular Sponsors:
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Bill Title:
Relating to enterprise zones; prescribing an effective date.
Catchline/Summary:
Authorizes designation of enterprise zone and zone and city for electronic commerce, addition of zone cosponsor and change of enterprise zone boundary without application process, subject to determination by Oregon Business Development Department that certain statutory requirements met. Authorizes designation of enterprise zone and zone and city for electronic commerce, addition of zone cosponsor and change of enterprise zone boundary without application process, subject to determination by Oregon Business Development Department that certain statutory requirements met. Requires notification of department at least 60 days before designation, addition or change, and consultation with department.
Increases number of enterprise zones that may be designated for electronic commerce.
Lowers minimum cost requirement for qualified property used in electronic commerce outside zone for electronic commerce.
Takes effect on 91st day following adjournment sine die.
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SB 245 Joint Committee On Tax Credits
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