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Committee adopts amendment to clarify reporting deadlines in economic development tax-exemption transparency bill
Summary
House Bill 2,351 A, a committee bill focused on transparency of property tax–related economic development incentives, received an A3 amendment to require Business Oregon to establish a cure process by rule for reporting exceptions; stakeholders said the change prevents inadvertent disqualification for narrow missed deadlines.
The House Committee on Revenue on May 22 adopted the dash A3 amendment to House Bill 2,351 A and moved the bill to the floor with a due-pass recommendation. HB 2,351 A would require information sharing among the Department of Revenue (DOR), Business Oregon, county assessors and enterprise zone sponsors about property-tax-related economic development incentives.
Jeff Newgard of Smart Growth Coalition told the committee the…
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