House considers jobs bills


Oregon lawmakers considered two proposals that would grant tax credits to companies that create jobs.

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Oregon lawmakers considered two proposals that would grant tax credits to companies that create jobs.

House Bill 2411 would grant a tax credit of up to $500,000 to businesses that build new facilities in Oregon and expand their payroll. Expansions in regions designated “distressed areas” would get a tax credit worth 5 percent of the new costs for employee pay.

The other measure, House Bill 2949 would give a $1,000 tax credit for jobs created to clean up land that has been environmentally contaminated. It also would create grants and loans to help businesses cover up to 75 percent of the cost of an environmental study and cleanup plan for contamination sites.

Read more at Bloomberg.

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