2011 Regular Session
|At the request of:|
|Bill Title:||Relating to tax credits for payroll costs; prescribing an effective date.|
Establishes corporate income and excise tax credit for certain facility costs of business firms that construct facilities and engage in business operations in which average annual gross payroll and increase in number of employees meet specified requirements.
Requires interested firms to obtain certification from Oregon Business Development Department. Establishes business firm and biennial caps on amount of credit. Authorizes Oregon Business Development Department to certify business firms on or after October 1, 2012, and on or before December 31, 2017. Applies to tax years beginning on or after January 1, 2012, and before January 1, 2023. Takes effect on 91st day following adjournment sine die.
|Fiscal Impact:||Fiscal Impact Issued|
|Revenue Impact:||Revenue Impact Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Transportation and Economic Development|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|