GRANTS & LOANS

Business Expansion Program (BEP):  Forgivable loans may be provided to businesses that create at least 50 new full-time jobs with wages at or above 150% of the state or county average wage, whichever is less. The amount of the forgivable loan is equal to the estimated increase in personal income tax revenue over two years resulting from the new job creation.

TAX CREDITS

Oregon Investment Advantage: Qualified companies that establish a new business operation in one of 20 eligible counties and create at least 5 full-time jobs have the ability to annually deduct or subtract taxable income related to the new business operation for a multi-year period.  These deductions can potentially eliminate state income tax liability for the years in which they are taken.

Qualified Research Activities Credit:  Provides a corporate income tax credit for qualified R&D expenditures.  The state credit is based on the federal R&D credit computation.

TAX ABATEMENTS

Strategic Investment Program (SIP) Property Tax Abatement: Manufacturers and other “traded sector” businesses that make a significant capital investment may qualify for a 15-year abatement on real property taxes. 

JOB TRAINING

Governor’s Strategic Training Fund: The state can provide job training grants to companies that create living wage jobs.

SPECIAL ZONING

Enterprise Zones: Businesses locating or expanding in one of 69 Enterprise Zones may be eligible for an exemption of real property taxes on new plant and equipment for up to 5 years. The State provides a “Construction-in-Process” exemption for up to 2 years when qualified property may be exempt from local taxation before it is placed in service.  In addition, an extended 15-year property tax exemption is available for companies that locate or expand in one of 54 rural enterprise zone locations.

TAX EXEMPTIONS

Income Tax Exemption: Businesses that relocate to one of 22 rural counties are eligible to receive a 10 year waiver on all income and excise taxes. To qualify, companies must create at least 5 jobs and cannot have existing operations anywhere within the state.

 

Last updated: May 2017


 
BIGGINS LACY SHAPIRO & COMPANY
 
PRINCETON
47 Hulfish Street, Suite 320
Princeton, NJ 08542
(609) 924-9775
NEW YORK
215 Park Ave South
New York, NY 10003
(646) 652-7555
CHICAGO
30 S. Wacker, Suite 2200
Chicago, IL 60606
(312) 924-2490
CALIFORNIA
1255 Treat Boulevard, Suite 300
Walnut Creek, CA 94597
(925) 239-1711