Home Must Reads Facebook tax bill nears final vote

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

Attack of the Robin Sages

Contributed Blogs
Monday, July 07, 2014
070714 thumb linkedinfakesBY TOM COX | OB BLOGGER

Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.


Read more...

Poll Wrap-Up

News
Friday, August 15, 2014

2014 NewPoll-report-newsletterthumbIn this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.


Read more...

Community colleges and sustainability

Contributed Blogs
Thursday, July 31, 2014
sustainabilityBY MARY SPILDE | OB GUEST CONTRIBUTOR

Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.


Read more...

Why I became an Oregon angel investor

Guest Blog
Monday, July 14, 2014
AngelInvestBY TERRY "STARBUCKER" ST. MARIE

I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.


Read more...

OB Video: Oregon MESA

News
Thursday, June 26, 2014

ThumbOregon Business hosts an informal roundtable discussion about the Oregon MESA (Mathematics, Engineering, Science Achievement) program.


Read more...

Interview: Dr. Mark Goulston

Contributed Blogs
Thursday, July 10, 2014
JustListenBY TOM COX | OB BLOGGER

Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.


Read more...

Portland rises

News
Monday, August 18, 2014

IMG 2551Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.


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