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Bill to tighten enterprise-zone reporting moves forward; Business Oregon, assessors and advocates debate scope

2381630 · February 24, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

House Bill 2,351 would tighten and standardize reporting for enterprise-zone tax exemptions, require an interagency agreement between Business Oregon and the Department of Revenue, and expand the types of information captured in annual reports from zone sponsors and participating businesses.

House Bill 2,351 received a public hearing Feb. 24 before the House Committee on Economic Development and Small Business and Trade. The bill would update reporting requirements related to Oregon’s enterprise-zone programs, establish clearer responsibilities for data sharing between Business Oregon and the Department of Revenue, and expand the information required from zone sponsors and participating businesses.

Art Fish and Michael Held of Business Oregon told the committee the bill builds on a transparency study the agency completed after House Bill 2009 (2023). Key provisions include clarifying that certain business financial statements…

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