Tagged: Nike

The Special Session of the Oregon legislature lasted just one day. The unusual lame-duck gathering Saturday was meant to assure sports apparel giant Nike that the state would not change the way it calculates income taxes for the Oregon-based company. Salem Correspondent Chris Lehman reports.

The Oregon Legislature has approved a bill designed to give sports apparel maker Nike special tax status. Gov. 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.

Oregon lawmakers are meeting in a rare special session to consider a proposal to give Nike a unique tax deal. The measure has passed out of committee but its ultimate fate remains unclear Friday afternoon.

Protesters outside the Oregon capitol building Friday are urging lawmakers to reject a bill to give Nike special tax status. Lawmakers are meeting in special session to consider the measure. It would allow the governor to freeze the way Oregon calculates the shoe giant’s corporate income taxes. In exchange, the Beaverton-based company would promise to invest at least $150 million and expand by at least 500 jobs in Oregon.