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Senate committee advances bill to tighten reporting on enterprise zone and SIP incentives
Summary
The Senate Committee on Finance and Revenue voted to send House Bill 2351B to the floor with a "do pass" recommendation after testimony from Business Oregon and tax advocates that the bill would improve transparency and interagency data sharing about economic development incentives.
Chair Meek opened a public hearing and work session June 23 on House Bill 2351B, a measure to increase transparency around enterprise zone and Strategic Investment Program (SIP) tax incentives and improve interagency data sharing.
The measure would change reporting timelines and require the Department of Revenue, Business Oregon (OEDD), county assessors and zone sponsors to share information about economic development incentives and to establish clearer contents for those reports.
The nut graf: Supporters said HB 2351B implements recommendations from a statutorily required enterprise zone transparency study and…
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