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

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...

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...

5 highlights from the Angel Oregon Showcase

The Latest
Thursday, April 23, 2015
IMG 5069BY JACOB PALMER | DIGITAL NEWS EDITOR

The entrepreneurial spirit was alive and well at the Oregon Angel showcase, an annual event for angel investors and early stage entrepreneurs.


Read more...

European Vacation

Guest Blog
Thursday, April 23, 2015
norristhumbBY JASON NORRIS | GUEST BLOGGER

There are winners and losers with a strengthening U.S. dollar.


Read more...

On the Road

April 2015
Friday, March 27, 2015
BY LINDA BAKER

My daughter turned 18 last week, and for her birthday I got her a Car2Go membership. Not to label myself a disruptor or anything, but it felt like a groundbreaking moment. The two of us, mother and child, were participating in a new teen rite of passage: Instead of handing over the car keys, I handed over a car-sharing card — with the caveat that she not use the gift as her own personal car service.


Read more...

Oregon Business expands events portfolio

The Latest
Friday, March 27, 2015
htctfacebookBY OB STAFF

New events series brings magazine to life.


Read more...

Downtime with the executive director of Greater Portland Inc.

April 2015
Thursday, March 26, 2015

Janet LaBar, Executive director, Greater Portland Inc.


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