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OregonHB 23512025 Regular SessionHouseWALLET

Relating to the economic development information of businesses; and prescribing an effective date.

Sponsored By: Sponsor information unavailable

Became Law

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Bill Overview

Analyzed Economic Effects

5 provisions identified: 3 benefits, 1 costs, 1 mixed.

Tighter rules for enterprise‑zone tax breaks

If your certified facility does not start or is not expected to start, the assessor disqualifies it for the next tax year. You must then pay back the property taxes you would have owed for each exempt year. The assessor can excuse decreases caused by events beyond your control, like force majeure. You must quickly tell the assessor and zone sponsor when you miss or meet a deadline and report total invested cost when the facility is placed in service. Each exempt year, you must report full‑time employee counts and average wages, and zone sponsors pass these numbers to state agencies.

County payouts from job‑related taxes

Each year by June 1, the state certifies income tax tied to jobs kept and new jobs from eligible projects. From July 10 to July 15, counties receive 20% of revenue from retained jobs and 50% from new jobs. No county can receive more than $16,000,000 per year. The Department of Revenue holds back funds as needed to make these payments.

New annual reports for tax‑exempt projects

If your property is exempt under the strategic investment program, you must file a detailed report with the state each tax year by April 1. The report covers property values, tax savings, fees paid, hires, wages, taxable income for those employees, jobs kept and created, and investment costs. Firm‑level financial details in these reports are kept private. The state can suspend your exemption determination until it receives the report. For the first filing after this law takes effect, you must also submit a second version using the old reporting rules.

Stronger privacy for business aid filings

Your financial and business records in applications for state or local economic development help are kept private. This includes financial statements, customer lists, sales and cost data, and marketing plans. Enterprise‑zone submissions that list property, early investment plans, or employee pay are also confidential when given to public bodies.

Better agency coordination on enterprise‑zone data

Enterprise‑zone records that are confidential keep their privacy when shared among the assessor, zone sponsor, Revenue, and Business Oregon. The Department of Revenue must set rules, create forms, train partners, and help firms and local officials use tax incentives. County assessors must send an annual July 1 report with values, tax amounts, and job and wage data, and a December 31 report for certain rural facilities. Revenue can share valuation details on state‑appraised industrial property with Business Oregon. Within 90 days after the law takes effect, Revenue and Business Oregon must sign a data‑sharing agreement. Zone sponsors must appoint a local manager, keep a marketing plan, list available land, and notify partners about local policies. The law takes effect on the 91st day after the 2025 session ends.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 77 • No: 33

Senate vote • 6/25/2025

Rules suspended. Third reading. Carried by Meek. Passed.

Yes: 18 • No: 10

Senate vote • 6/23/2025

Finance and Revenue: Heard and Reported Out

Yes: 3 • No: 2

legislature vote • 6/10/2025

JCTE: Heard and Reported Out

Yes: 8 • No: 0

House vote • 6/3/2025

Carried by Nathanson. Passed.

Yes: 36 • No: 18

House vote • 5/22/2025

Revenue: Heard and Reported Out with Amendments

Yes: 6 • No: 0

House vote • 3/17/2025

Economic Development, Small Business, and Trade: Heard and Reported Out with Amendments

Yes: 6 • No: 3

Actions Timeline

  1. Chapter 565, (2025 Laws): Effective date September 26, 2025.

    8/13/2025House

  2. Governor signed.

    7/24/2025House

  3. President signed.

    6/26/2025Senate

  4. Speaker signed.

    6/26/2025House

  5. Rules suspended. Third reading. Carried by Meek. Passed.

    6/25/2025Senate

  6. Second reading.

    6/25/2025Senate

  7. Recommendation: Do pass the B-Eng. bill.

    6/25/2025Senate

  8. Public Hearing and Work Session held.

    6/23/2025Senate

  9. Referred to Finance and Revenue.

    6/16/2025Senate

  10. Recommendation: Without recommendation as to passage and be returned to President's desk for referral. Referred to Finance and Revenue by order of the President.

    6/16/2025Senate

  11. Work Session held.

    6/10/2025Senate

  12. Referred to Tax Expenditures.

    6/4/2025Senate

  13. First reading. Referred to President's desk.

    6/4/2025Senate

  14. Carried by Nathanson. Passed.

    6/3/2025House

  15. Carried over to June 3, 2025 Calendar.

    6/2/2025House

  16. Third reading.

    6/2/2025House

  17. Second reading.

    5/29/2025House

  18. Recommendation: Do pass with amendments and be printed B-Engrossed.

    5/28/2025House

  19. Work Session held.

    5/22/2025House

  20. Informational Meeting held.

    4/15/2025House

  21. Public Hearing held.

    4/8/2025House

  22. Referred to Revenue by order of Speaker.

    3/20/2025House

  23. Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue.

    3/20/2025House

  24. Work Session held.

    3/17/2025House

  25. Public Hearing held.

    2/24/2025House

Bill Text

  • Enrolled

    6/25/2025

    PDF

  • B-Engrossed

    5/28/2025

    PDF

  • House Amendments to A-Engrossed

    5/28/2025

    PDF

  • HREV Amendment -A3 (Adopted)

    5/22/2025

    PDF

  • HREV Amendment -A2 (Proposed)

    5/20/2025

    PDF

  • A-Engrossed

    3/20/2025

    PDF

  • House Amendments to Introduced

    3/20/2025

    PDF

  • HECDSB Amendment -1 (Adopted)

    3/17/2025

    PDF

  • HECDSB Amendment -1 (Proposed)

    2/24/2025

    PDF

  • Introduced

    1/10/2025

    PDF

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