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2015 Regular Session
Overview
At the request of:
Chief Sponsors:
Regular Sponsors:
Bill Title: Relating to shared service funds; prescribing an effective date.
Catchline/Summary: For purposes of transfer to Shared Services Fund, limits personal income tax revenue to revenue due to jobs that did not exist on date property of eligible project was granted exemption.
Requires 30 percent of moneys in Shared Services Fund to be distributed to counties in which eligible property receiving strategic investment program property tax exemption is located and remainder to be transferred to State School Fund and State Economic Development Fund. Establishes State Economic Development Fund. Continuously appropriates moneys in fund to Oregon Business Development Department for purpose of developing infrastructure in Oregon that fosters economic growth. Sunsets shared services program on January 2, 2025. Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact: May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact: May Have Revenue Impact, But No Statement Yet Issued
Measure Analysis: Staff Measure Summary / Impact Statements
Current Location: In Senate Committee
Current Committee: Senate Committee On Finance and Revenue
Current Subcommittee:
Subsequent Referral(s):
Potential Conflicts of Interest/Vote Explanations: Potential Conflicts of Interest/Vote Explanation Documents
Measure History
Scheduled Events