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Sat Jan 6, 2018, 10:36 PM

Upcoming bill would tax tech industry

Oregon lawmakers this week released an overview of a carbon cap and pricing plan they want the Legislature to pass during the six-week session that starts in February.

Itís based on a bill that Democrats introduced the day before wrapping up a longer session earlier this year. Sen. Michael Dembrow of Portland and Rep. Ken Helm of Beaverton oversaw work groups that refined the concept in recent months.

The two Democrats outlined features that they say are in two drafts of the bill, one to be introduced in the House and one in the Senate. They expect to make the bills public on Jan. 8.

A group pushing for the plan, Renew Oregon Action Fund, had estimated large polluters would pay the state $1.4 billion per biennium under an earlier version of the plan. That would be a huge influx of money, given the stateís two-year general fund budget is around $21 billion.

Read more: http://oregonbusinessreport.com/2018/01/upcoming-bill-would-tax-tech-industry/

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