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OBA 2009 Legislative Agenda - Competing in the New, New Economy

Oregon Business Association believes that a healthy business environment throughout the state is essential to attract and retain businesses, provide stable employment to citizens and a strong financial base for the state. In a time of national recession, it is critical that Oregon takes steps to maintain a competitive business environment and stabilize state revenues that support core services.

The OBA Business & Finance Committee has identified the following proven tools to help Oregon ride out this recession and emerge well positioned to compete in the global economy.

Business & Finance

Sustain and build on the Business Energy Tax Credit (BETC)

The BETC credit has been a critical tool in attracting and retaining companies and jobs, as well as promoting state goals regarding sustainability.

OBA supports maintaining or expanding this proven tool.

Build Oregon's Rainy Day Fund through Kicker Reform

Oregon's reliance on income taxes results in an unstable revenue source for essential state services. This is exacerbated by the kicker law, which makes it difficult to save money in times of a thriving economy.

OBA supports Constitutional changes as suggested by the Task Force on Revenue Restructuring to:

Establish a methodology for more reliable forecasting
Ensure more prudent, long-term budgeting
Build Oregon's Rainy Day Fund by directing ending fund balances to the fund

Increase the Corporate Minimum Tax

The Corporate Minimum Tax was established in 1931 with a minimum of $10 and remains unchanged. The current minimum tax does not accurately reflect the benefits of incorporation within the state of Oregon and should be modernized to better support state services critical for business competitiveness and quality of life.

OBA supports increasing the current corporate minimum tax on a graduated basis with fair, rational principles.

Fund the Oregon Innovation Council's (Oregon InC) Investment Package

Prior Oregon InC investments have leveraged significant outside funds, attracting investment and economic opportunity for Oregon businesses. Innovation is a key foundation for a growing economy.

OBA supports the proposed $26 million investment in five industry initiatives and the state's three Signature Research Centers.

Support the Coalition for a Working Oregon

A sound immigration policy, where laws are enforced and labor needs are met, is essential. A comprehensive federal immigration solution is the preferred approach.

OBA opposes sanctions that make it more difficult for Oregon employers to employ the labor force they need.