OR Makes Tax Guarantees to Nike In Return for Investment
It's nice to have leverage
Gov. John Kitzhaber signed House Bill 4200, the sole bill passed in a special legislative session called last week to provide tax certainty for Nike ahead of a $150 million investment in Oregon by the global sportswear company.
Details of the deal, which could last up to 30 years, are still being sorted out between the governor's office and Nike, but the agreement is expected to ensure that Oregon's single-sales factor apportionment of corporate tax applies to Nike during the term of the contract.