OREGON HOUSE REPUBLICANS

 

 

SENATE SUPPORT FOR RECONNECT BILL

SHOWS BIPARTISAN COMMITMENT TO JOB CREATION

 

SALEM—House Republican Leader Kevin Cameron (R-Salem) today commended Senate leaders for their commitment to quick concurrence on SB 301.  The bill approved today in the House provides tax relief to families and college students in 2010, and upholds a commitment made by the Legislature to allow Oregon businesses and citizens to benefit from federal job creation tax benefits in 2011. 

 

“The speedy passage of SB 301 will show that Republicans and Democrats can work together to create jobs in Oregon,” Rep. Cameron said.  “I thank the Oregon Senate for recognizing the need to quickly fix the state’s broken reconnection law. With the Governor’s signature, SB 301 will allow our job creators in the private sector to use these incentives to put people back to work.”

 

On a bipartisan 41 to 19 vote, the House today approved SB 301 to ensure a 2011 reconnection to the federal tax code. House Republicans said the bill was needed after legislative attorneys last week discovered that, due to a drafting error in 2009 law, businesses would be not be eligible for bonus depreciation and small business tax relief starting January 1, 2011.