House Bill 4010
threatens to eliminate all state incentives for Opportunity Zones by disconnecting Oregon from the federal Opportunity Zone tax incentive that was included in the federal ‘Tax Cut and Jobs Act’ passed by Congress in 2017. We view this as our biggest threat to date.
We need every chamber to send us known opportunity zone projects in your area along with the results and benefits of these projects. Information should be sent to Jessica Chambers
as soon as possible.
We will be compiling a list of these projects, as we expect the House Revenue Committee to consider the bill again next week. The only way to stop HB 4010 is to demonstrate that these Opportunity Zones are being widely used to support projects benefiting local communities.