HB 3614
Directs the Oregon Business Development Department to develop and implement a program to reimburse companies that relocate headquarters to Oregon for tariffs paid on goods imported through the Oregon International Port of Coos Bay.
Jurisdiction
Oregon
Session
2025 Regular Session
Committee
Economic Development, Small Business, and Trade
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill directs the Oregon Business Development Department to create a program that will reimburse companies for tariffs they pay on goods imported through the Oregon International Port of Coos Bay. Companies relocating their headquarters to Oregon and meeting specific criteria regarding where their work is performed are eligible for reimbursement. The program will be funded through a dedicated state fund.
Key provisions
- The Oregon Business Development Department must create a tariff reimbursement program.
- Companies relocating headquarters to Oregon are eligible.
- A majority of work must be performed in Oregon for eligibility.
- Companies must submit records of tariffs paid.
- The department will reimburse the full amount of tariffs.
- The department can establish program requirements through rules.
- ‘Headquarters’ is defined as the location managing a company’s business operations.
- ‘Tariff’ is defined as a federal tax or fee on imported goods.
Who is affected
- Companies relocating to Oregon
- The Oregon Business Development Department
- Businesses importing goods through the Port of Coos Bay
- The State of Oregon
Notable changes
- Establishes a dedicated fund (Tariff Offset Fund) to finance the program.
- Specifies that the program is intended to last for at least 20 years.
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