Oregon Code § 314.669·Enacted ·Last updated March 01, 2026
Statute Text
Legislative findings; purposes.
(1) The Legislative Assembly finds that:
(a) The State of
Oregon has a compelling interest in promoting and stimulating economic
development within this state to better provide for the welfare of its
residents, in encouraging businesses to make significant capital investments
within this state and in creating certainty in the apportionment of income for
purposes of income and corporate excise taxation that achieves these ends;
(b) Use of the
single sales factor method to apportion income promotes an economic development
climate that encourages businesses to locate and remain within this state,
encourages existing Oregon businesses to expand their operations in Oregon and
creates incentives for businesses to make significant capital investments
within this state;
(c) Qualifying
investments will create significant, long-term economic benefits and serve as
the catalyst for additional economic expansion within the State of Oregon;
(d) It is in the
interest of the State of Oregon to authorize the Governor, in consultation with
the Director of the Oregon Business Development Department and the Director of
the Department of Revenue, to enter into qualifying investment contracts for purposes
of stimulating economic development through qualifying investments;
(e) In
consideration for making qualifying investments, taxpayers should be entitled
to rely on the continued application of the single sales factor method to
apportion their income for tax purposes;
(f) Factors to be
considered in determining the duration of the term of a qualifying investment
contract should include, without limitation, the number of new employees to be
added to the Oregon workforce of the taxpayer when the qualifying investment is
complete, the duration and compensation of the new jobs created, other economic
development incentives received by the company and the extent to which the
qualifying investment will create employment opportunities in rural Oregon; and
(g) The State of
Oregon has a compelling interest in contractually guaranteeing to taxpayers
making qualifying investments that such taxpayers may rely on the single sales
factor method as the applicable method to determine the portion of
apportionable income subject to income or corporate excise tax in the State of
Oregon.
(2) The purposes
of ORS 314.668 to 314.673 are:
(a) To promote
and stimulate economic development by creating an incentive for qualifying
investments;
(b) To authorize
the Governor, in consultation with the Director of the Oregon Business
Development Department and the Director of the Department of Revenue, to enter
into qualifying investment contracts on behalf of this state; and
(c) To ratify any
qualifying investment contracts entered into on or after December 14, 2012.
(3) The intent of
the Legislative Assembly is for ORS 314.668 to 314.673 to establish a
contractually binding obligation under which taxpayers that execute qualifying
investment contracts with the State of Oregon may rely on the single sales
factor method of apportionment to apportion their apportionable income for each
tax year of the taxpayer that ends during the term of the qualifying investment
contract. [2012 s.s. c.1 §4; 2017 c.43 §7]