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<br /> <br />SB 0007 <br /> <br />Relating Clause: Relating to a business incentive tax credit; creating new provisions; amending ORS <br />314.752 and <br />318.031; and prescribing an effective date. <br /> <br />Title: Creates income tax credit for creation of new employment positions by taxpayer. <br />Establishes $10 <br />million maximum for credits allowed to all taxpayers. Applies to tax years beginning on <br />or after January 1, 2012, and before January 1, 2013. Takes effect on 91st day following <br />adjournment sine die. <br /> <br />Sponsored by: Sponsored by Senator COURTNEY; Senators BATES, DEVLIN (Presession filed.) <br /> <br />URL: http://www.leg.state.or.us/11reg/measpdf/sb0001.dir/sb0007.intro.pdf <br /> <br />Contact Respondent Dept Updated Priority Recommendation <br />Larry Hill CS-FIN 1/12/2011 Pri 3 Support <br /> <br />Comments: SB 7 would provide a temporary credit against 2012 state corporate income taxes with <br />the purpose of encouraging job creation. The measure would have no significant fiscal or <br />programmatic impact on the City of Eugene but might result in some incremental job <br />creation in the community. The fact that this measure has been introduced by the <br />President of the Senate indicated the level of positive interest and consideration this and <br />all stimulus proposals will likely receive in this Legislature. I currently have no basis to <br />evaluate the efficiency of this proposal, in light of the State's budget shortfall, in <br />comparison to other stimulus proposals that are sure to be introduced. In light of the <br />City's limited IGR staff capacity and the need to focus on a few issues that would have <br />direct impacts on the City, I do not recommend any significant investment of time in <br />what is probably going to be extensive legislative hearings on economic stimulus <br />proposals. However I recommend a nominal position of priority III support in general for <br />proposals that may offer efficient economic stimulus measures. <br /> <br />Contact Respondent Dept Updated Priority Recommendation <br />Susan Mullett CS-HR 1/11/2011 Pri 3 Support <br /> <br />Comments: Support Finance’s recommendation. <br /> <br /> <br />SB 0041 <br /> <br />Relating Clause: Relating to public records; creating new provisions; amending ORS 21.020, 147.421, <br />166.274, 181.560, 192.410, 192.440, 192.450, 192.460, 192.465, 192.490, 192.650, <br />287A.350, 305.493, 646.473, 657.732, 657.734 and 802.183; repealing ORS 192.480; <br />and declaring an emergency. <br /> <br />Title: Establishes deadlines by which public bodies must respond to public records requests. <br />Provides <br />16 <br /> <br /> <br />