SB 1586
Modifies the tax credit allowed for semiconductor research.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take actionPublic sentiment
Support
10%
Oppose
90%
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies the tax credit available to semiconductor research companies in Oregon. It expands the existing tax credit program to include changes to advanced manufacturing, enterprise zones, and regionally significant industrial sites. The bill directs state agencies to establish clear deadlines for permit applications and publishes a list of issued permits. It also adds rural reserves in Washington County to the Metro area and includes provisions for carrying forward unused tax credits.
Sponsors
Official sponsors from legislative records.
Primary sponsors
Arguments in favor
Reasons to support this legislation.
Supporters of Senate Bill 1586 emphasize the need to create a favorable business climate in Oregon by providing timely, build-ready certainty for industrial land in key regions. They argue that this will attract and retain high-wage jobs in advanced manufacturing and innovation-driven industries, stimulating local economic growth and improving the state's global competitiveness. Proponents also highlight the importance of addressing housing shortages and promoting economic development through a more balanced approach to land use laws, which they believe is essential for Oregon's long-term prosperity. By supporting SB 1586, supporters aim to create opportunities for Oregonians, particularly young adults, to pursue career advancement or transition into new roles, while also strengthening the state's ability to invest in advanced manufacturing and innovation-driven industries.
Source: Testimony Summaries
Arguments opposed
Reasons to oppose this legislation.
The opposition to SB 1586 is centered around concerns that it would lead to the development of prime farmland in Hillsboro, threatening food security and local farm businesses. that rezoneing 1,700 acres of land for industrial use would be irresponsible and unjustified, as there are already available industrial lands within Oregon's urban growth boundaries. They also express concerns about the potential harm to agriculture, rural communities, and the environment, citing issues such as water consumption, resource usage, and climate change impacts. Additionally, opponents argue that the bill would bypass Oregon's land use system, allowing for development without public input, and that it would benefit land speculators and corporations rather than researchers or local businesses.
Read the latest version inline or switch to a previous version.