(at the request of Senate Interim Committee on Business and Transportation for Industrial Land Coalition)
Chief Sponsors:
Add
Remove
Regular Sponsors:
Add
Remove
Bill Title:
Relating to the Oregon Industrial Site Readiness Program; and prescribing an effective date.
Catchline/Summary:
Requires Oregon Business Development Department to consult with Department of Revenue in establishing and administering Oregon Industrial Site Readiness Program. Requires Oregon Business Development Department to consult with Department of Revenue in establishing and administering Oregon Industrial Site Readiness Program.
Directs Oregon Business Development Department to obtain employment and wage information for eligible employer at regionally significant industrial site and to determine annual amount of estimated incremental income tax revenues generated by eligible employer per tax year. Requires Oregon Business Development Department to request that Oregon Department of Administrative Services certify amounts determined to be estimated incremental income tax revenues.
Permits Employment Department to disclose to Oregon Business Development Department information required by Oregon Business Development Department in performing department's duties with respect to Oregon Industrial Site Readiness Program.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Chapter 561
Fiscal Impact:
Has Minimal Fiscal Impact
Revenue Impact:
No Revenue Impact, Statement Issued (Indeterminate Impact)
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SB 333
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