(at the request of House Interim Committee on Revenue)
Chief Sponsors:
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Regular Sponsors:
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Bill Title:
Relating to economic development subsidies.
Catchline/Summary:
Requires recipient employers that receive economic development subsidies to submit annual reports to granting bodies. Requires recipient employers that receive economic development subsidies to submit annual reports to granting bodies. Permits granting bodies access to recipient employers' records and project sites at all reasonable times without notice.
Requires granting bodies to publish reports on granting bodies' websites annually. Requires placement of links to reports on Oregon transparency website.
Establishes employment and compensation standards for recipient employers. Directs granting body to reduce or recapture subsidy for noncompliance.
Requires property taxing entities to report annually to Department of Revenue regarding property tax abatements, exemptions and credits. Directs department to post reports on Oregon transparency website.
Provides that all records required by Act are subject to disclosure to general public.
Directs Secretary of State to conduct audits of recipient employers every three years.
Authorizes taxpayer to bring civil action for enforcement, injunctive relief, damages and attorney fees when granting body fails to enforce Act.
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 2087 House Committee On Transportation and Economic Development
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