Relating to economic development; and prescribing an effective date.

From the Legislature

The Act would set up a Joint Permitting Council to run a fast track permit program. The Act would direct certain state agencies to publish a list of certain permits that can be issued by the agencies. The Act would adjust certain requirements of the enterprise zone program and restrict the use of the program for data centers. The Act would adjust the tax credit for a taxpayer that creates new jobs. (Flesch Readability Score: 67.5). [Digest: The Act would set up a Joint Permitting Council to run a fast track permit program.] [The Act would direct certain state agencies to publish a list of certain permits that can be issued by the agencies.] [The Act would adjust certain requirements of the enterprise zone program.] [The Act would give money to OBDD. (Flesch Readability Score: 71.3).] Establishes the Joint Permitting Council. Directs the council to administer a fast track permitting program. Directs certain state agencies to publish a catalog of permits related to economic development projects issued by the agencies within 120 days after the effective date of the Act. Updates certain requirements and thresholds for the enterprise zone program. Restricts the use of the program for data centers. [Appropriates moneys to the Oregon Business Development Department for deposit in the Industrial Site Loan Fund.] Modifies provisions establishing a personal income or corporate excise tax credit for a taxpayer that creates new jobs. Takes effect on the 91st day following adjournment sine die.