Item 3: Ratification of Unanimous and Non-Uanimous IGR Actions

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URL: http://www.leg.state.or.us/11reg/measpdf/hb2300.dir/hb2385.intro.pdf Contact Respondent Dept Updated Priority Recommendation Larry Hill CS-FIN 1/14/2011 Pri 3 Support Comments: HB 2385 would remove the existing statutory prohibition on a county's ability to tax tobacco. City taxes on tobacco would remain prohibited. In light of Lane County's impending budget shortfall and the likelihood of county service reductions that will impact the City of Eugene, I recommend priority III support. The bill would be improved if the prohibition on cities were also removed by amendment. If this were the case I would recommend a higher priority support position. HB 2411 Relating Clause: Relating to tax credits for payroll costs; prescribing an effective date. Title: Establishes corporate income and excise tax credit for certain facility costs of business firms that construct facilities and engage in business operations in which average annual gross payroll and increase in number of employees meet specified requirements. Sponsored by: By Representatives READ, HUNT; Representatives BAILEY, BARKER, DOHERTY, GELSER, Senators EDWARDS, HASS (Presession filed.) URL: http://www.leg.state.or.us/11reg/measpdf/hb2400.dir/hb2411.intro.pdf Contact Respondent Dept Updated Priority Recommendation Larry Hill CS-FIN 1/14/2011 Pri 3 Support Comments: HB 2411 would establish a tax credit program, with the purpose of encouraging qualifying business to construct facilities and increase jobs. The measure would have no significant fiscal or programatic impact on the City of Eugene but might result in some incremental job creation in the community. The Legislators are likely to give this measure and all other stimulus proposals their positive interest and consideration in this Legislature. I currently have no basis to evaluate the efficiency of this proposal, in light of the State's budget shortfall and in comparison to other stimulus proposals that are sure to be introduced. In light of the City's limited IGR staff capacity and the need to focus on a few issues that would have direct impacts on the City, I do not recommend any significant investment of time in what is probably going to be extensive legislative hearings on economic stimulus proposals. However I recommend a nominal position of priority III support in general for proposals that may offer efficient economic stimulus measures. HB 2527 Relating Clause: Relating to tax credits for affordable housing lenders; prescribing an effective date. Title: Extends sunset for tax credit for affordable housing lenders. 13