2011 Regular Session
|At the request of:|
|Bill Title:||Relating to certified capital companies; prescribing an effective date.|
Creates Certified Capital Company Act.
Requires certified capital company to be certified by Oregon Business Development Department. Permits investments by certified capital companies in qualified businesses that are Oregon green energy and conservation businesses. Establishes minimum amounts of qualified investments as percentage of certified capital invested in certified capital company. Allows tax credits to certified investors. Limits total tax credits allowed to $30 million per year. Requires department to make biennial report to Legislative Assembly. Requires department to adopt rules to implement Act. 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:||Joint Committee On Tax Credits|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|