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County looks at investment program update
Multnomah County may update its Strategic Investment Program, which is used to lure major employers by dangling sizable property tax breaks, to take advantage of the states Gain Share option. Gain Share enables the county to share the income taxes paid by the new employees at the operation getting the property tax break. The idea is to mitigate the countys loss of property taxes.
The Gain Share option was created in 2007 by the Legislature. Multnomah County commissioners will consider updating their 1993 tax-break program to take advantage of Gain Share.
Commissioners are set to consider a resolution to adopt the new option at 10:30 a.m., Thursday, April 25, at county headquarters, 501 S.E. Hawthorne Blvd.
To read the resolution, go to multnomah.granicus.com/MetaViewer.php?view_id=3&event_id=26&meta_id=38424.