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Sponsored by: Sponsored by Senator MONROE, Representatives SCHAUFLER, J SMITH (Presession <br />filed.) <br /> <br />URL: http://www.leg.state.or.us/11reg/measpdf/sb0200.dir/sb0217.intro.pdf <br /> <br /> <br />Contact Respondent Dept Updated Priority Recommendation <br />Sue Cutsogeorge CS-FIN 1/12/2011 -- Neutral <br /> <br />Comments: I concur with Amanda Nobel Flannery’s comments. <br /> <br /> <br /> <br />Contact Respondent Dept Updated Priority Recommendation <br />Amanda Nobel Flannery PDD-ADM 1/12/2011 -- Neutral <br /> <br />Comments: Legislation would give us a couple new tools not currently available. We're not sure how <br />we would use them. It also requires additional reporting requirements for the URA. * <br />This recommendation is based on LCC NOT being included in the definition of "public <br />schools" - the proposed change on page 9 ("construction or reconstruction of public <br />schools"). If LCC is included, the change could potentially have a negative impact on the <br />City's approved plan to grant $8 million toward the construction of LCC's new downtown <br />center across from the library. (Money spent for LCC would be counted not in the general <br />government category, the only logical option would be the school category. Since the <br />school category is already maxed out, receipt of the funds could potentially force a <br />reduction in school operating funds.) We would then recommend PRIORITY 1, <br />OPPOSE. <br /> <br /> <br />SB 0219 <br /> <br />Relating Clause: Relating to incentives for business hiring; appropriating money; and prescribing an <br />effective date. <br /> <br />Title: Authorizes Oregon Business Development Department to administer Oregon <br />Business Retention and Expansion Program to lend incremental Oregon Business <br />Retention and Expansion Program tax revenues to certified employers. Specifies <br />provisions of forgivable loan program. Establishes Oregon Business Retention and <br />Expansion Program Fund. Continuously appropriates moneys in fund to Oregon <br />Business Development Department. <br />Appropriates moneys from General Fund to department for purposes of <br />administering program. Specifies rate of withholding on taxable income of person <br />employed by certified employer. Applies to tax years beginning on or after <br />January 1, 2012. Takes effect on 91st day following adjournment sine die. <br /> <br />Sponsored by: Sponsored by Senator DEVLIN, Representative READ; Senators EDWARDS, HASS, <br />MONNES ANDERSON (Pre-session filed.) <br /> <br />URL: http://www.leg.state.or.us/11reg/measpdf/sb0200.dir/sb0219.intro.pdf <br /> <br /> <br />25 <br /> <br /> <br />