Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lawmakers question transparency and duration of Oregon Investment Advantage tax subtraction
Summary
An informational meeting on House Bill 3049 examined proposed expansions to the Oregon Investment Advantage subtraction, including adding counties, a proposed per-business cap, and concerns about program cost, duration (10-year subtraction), and transparency about stacked incentives.
The House Committee on Revenue held an informational meeting May 29 on House Bill 3049, a proposal from Business Oregon to modify the Oregon Investment Advantage income tax subtraction. Committee members questioned whether the program’s 10-year subtraction term, recent usage, and limited transparency justify expanding eligibility to additional counties.
Kyle Easton of the Legislative Revenue Office briefed the committee on the program. The subtraction exempts income tied to a qualifying new business facility from personal or corporate income tax for up to 10 years, subject to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
