Signed by Governor Tina Kotek

Vote Smart's Synopsis:

Vote to pass a bill that establishes a new state award program for eligible employers to mitigate costs associated with the agricultural overtime compensation requirements.

Highlights:

• Authorizes the Oregon business development department to create a repayable award program to provide financial assistance to companies who are affected by agricultural overtime compensation requirements (Sec. 1).

• Specifies that a company may apply for the award if they meet the following requirements (Sec. 1): 

• If the employer is eligible for tax credits;and

• They do not anticipate more than $3,00,000 in revenue this year.

• Specifies that labor contractors cannot apply themselves for this award (Sec. 1) 

• Specifies that an employer must submit an application that they do not forecast making $3,000,000 in gross revenue for the year, they have overtime costs for the current year, they have eligible employees for the purposes of tax credits (Sec. 1). 

• Requires that companies swear under penalty of false swearing to the veracity of their situation (Sec. 1). 

• Requires the Oregon Business development department to review all timely applications, approve or reject each application, make an initial award offer, and notify each applicant of their status within that time period before 45 days have passed (Sec. 1).

• Establishes the agricultural overtime fund in the state treasury (Sec. 2). 

• Appropriates $10,510,000 for financial payable awards created by the new program (Sec. 4). 

• Specifies that in the future $10,510,000 will be the maximum amount of money allocated for the awards payable program (Sec. 5).

• Specifies that this act goes into effect on its passage (Sec. 6). 

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that establishes a new state award program for eligible employers to mitigate costs associated with the agricultural overtime compensation requirements.

Highlights:

• Authorizes the Oregon business development department to create a repayable award program to provide financial assistance to companies who are affected by agricultural overtime compensation requirements (Sec. 1).

• Specifies that a company may apply for the award if they meet the following requirements (Sec. 1): 

• If the employer is eligible for tax credits;and

• They do not anticipate more than $3,00,000 in revenue this year.

• Specifies that labor contractors cannot apply themselves for this award (Sec. 1) 

• Specifies that an employer must submit an application that they do not forecast making $3,000,000 in gross revenue for the year, they have overtime costs for the current year, they have eligible employees for the purposes of tax credits (Sec. 1). 

• Requires that companies swear under penalty of false swearing to the veracity of their situation (Sec. 1). 

• Requires the Oregon Business development department to review all timely applications, approve or reject each application, make an initial award offer, and notify each applicant of their status within that time period before 45 days have passed (Sec. 1).

• Establishes the agricultural overtime fund in the state treasury (Sec. 2). 

• Appropriates $10,510,000 for financial payable awards created by the new program (Sec. 4). 

• Specifies that in the future $10,510,000 will be the maximum amount of money allocated for the awards payable program (Sec. 5).

• Specifies that this act goes into effect on its passage (Sec. 6). 

Full Bill Text