Oregon legislators hear testimony on Nike tax deal

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Thursday, December 13, 2012

Oregon legislators are hearing public testimony on a proposed tax deal for Nike.

Supporters of the legislation say it would simply preserve existing tax policies without costing an extra dime, while enticing Oregon's premier company to a major expansion in its home state. Opponents decry the legislation as corporate welfare and have planned two protests -- one in Portland tonight, one in Salem Friday morning -- against the deal.

This morning's hearing comes just a day before a special legislative session, called Monday by Gov. John Kitzhaber, will consider the deal. Kitzhaber said the Washington County giant needs greater tax certainty before spending at least $150 million and creating at least 500 jobs in Oregon.

Read more at OregonLive.com.

{biztweet}nike tax{/biztweet}

 

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