OR HB3049

Modifies the corporate excise tax exemption program for business firms operating in economically disadvantaged and rural areas of Oregon by updating eligibility criteria and wage calculation methods

Redefines "qualified location" to include areas zoned for industrial use outside urban growth boundaries of cities with 100,000+ population, or within cities of 15,000 or fewer residents, located in counties ranking in the bottom half for combined unemployment and per capita income

Requires newly hired employees to be paid at least 110% of the average wage for the facility location, and all facility employees must average at least 100% of the local average wage

Increases the annual certification application fee from $100 to $200 and extends the application deadline to the last day of the month following the tax year end

Takes effect on the 91st day after adjournment of the 2025 legislative session, with amended provisions applying to certifications issued on or after January 1, 2026