Sponsored by Oregon Business

Facebook tax bill nears final vote

| Print |  Email
Must Reads
Wednesday, February 22, 2012

Senate Bill 1532 which would retain tax exemptions for Facebook faces its final vote in the House.

The need for a permanent solution led to the drafting of Senate Bill 1532. The bill initially granted an exemption from central assessment for companies located in enterprise zones. The Senate Committee on Finance and Revenue later amended the bill, adding specific conditions required for a company to qualify. The new restrictions ensure that the bill will exclude all companies except Facebook.
The bill passed the Senate with a vote of 30-0 before moving on to the House Revenue Committee for assessment. As soon as the Senate amendments had been read, the committee voted to send the bill to the House floor without any discussion or objection. Rep. Mike McLane, R-Powell Butte, attended the committee in person in order to volunteer to carry the bill in the House.

Read more at Oregon Capitol News.

{biztweet}facebook oregon{/biztweet}

 

More Articles

Emperor of the Sea

April 2015
Friday, March 27, 2015
BY COURTNEY SHERWOOD | Photos by Jason E. Kaplan

Pacific Seafood, one of the world’s largest processors, is rebranding as a more transparent and consumer-friendly operation. A controversial CEO and monopoly accusations from coastal fishermen complicate the tale.


Read more...

Money Talks

March 2015
Saturday, February 21, 2015
BY LINDA BAKER | OB EDITOR

Will community banks survive the digital age? Three CEOs peer into banking's crystal ball.


Read more...

Uncertainty about convention center hotel could cost Portland an NBA All-Star Game

The Latest
Wednesday, February 18, 2015
463545460BY JACOB PALMER | OB DIGITAL NEWS EDITOR

NBA commissioner: "I would love to end up having an All-Star Game in Portland. It's really just a function of ensuring that we can fit in town."


Read more...

2015 100 Best companies announced

The Latest
Friday, February 27, 2015
IMG 0022cneditBY OB STAFF

The 100 Best list recognizes large, medium and small companies for excellence in work environment, management and communications, decision-making and trust, career development and learning, and benefits and compensation.


Read more...

Beam Me Up

April 2015
Thursday, March 19, 2015
BY DAN COOK | Photos by Jason E. Kaplan

An alliance of developers, academics and timber industry executives wants to position Oregon as a front runner in the glamorous new world of wooden skyscrapers.


Read more...

Thy neighbor's house

March 2015
Friday, February 20, 2015
BY LINDA BAKER | OB EDITOR

Vacasa may lack the name recognition of Airbnb. But not for long.


Read more...

ZoomCare rolls out new on-demand health clinics

News
Monday, March 02, 2015
zoomcarethumbBY KIM MOORE |  OB RESEARCH EDITOR

Portland-based healthcare provider ZoomCare said it plans to “remake American healthcare” by expanding its on-demand urgent care model to emergency, surgery, dental and primary care, among others.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS