SALEM, OR. - The Oregon House has passed a bill designed to give sports apparel maker Nike special tax status. Governor John Kitzhaber called the legislature into Special Session in order to act quickly to ensure the Beaverton-based company didn't locate a major expansion in another state.
The measure allows the governor to guarantee that the state won't change the way Nike's corporate income taxes are calculated. In exchange, the company agrees to spend at least $150 million on its expansion, and create at least 150 jobs.