« Return to search form

Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

State or TerritoryOregon
Effected JurisdictionMultnomah County
Jurisdiction type: County
Fiscal year ending In2017
Program nameStrategic Key Investment Program
Program purpose: Job Creation/Retention
Statutory authority: ORS 307.123
Abating jurisdiction(s): Multnomah County, Oregon
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: The County’s SIP policy contains a repayment clause which states that in the event of noncompliance, repayment of abated taxes (i.e. penalties) must be equal to or greater than the savings the company would realize by not meeting the requirement. In the event of noncompliance, specific terms for repayment would be negotiated for each standard and condition and included in the SIP contract.
Gross revenue loss: $308,000
Reimbursement / offset: $0
Net revenue loss: $308,000
Type of loss: Active
Additional notes on dislosure(none)