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OR SB110
Bill
AI Summary
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Increases the minimum estimated cost threshold for a "major league stadium" in Portland from $300 million to $2 billion to qualify for state incremental baseball tax revenue grants
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Raises the maximum total state grant payment cap from $150 million to $800 million for developing, constructing, and furnishing a Major League Baseball stadium, plus actual financing costs
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Doubles the compensation threshold defining "member of a professional athletic team" from $50,000 to $100,000 annually for purposes of calculating incremental baseball tax revenues
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Grant agreements allow the state to redirect Oregon personal income taxes paid by MLB team members and their spouses to stadium financing for up to 30 years
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Requires grant agreements to include provisions for minority-owned, woman-owned, veteran-owned, and emerging small business participation in stadium construction and operation
Legislative Description
Relating to revenue.
Last Action
Effective date, January 1, 2026.
7/2/2025