Senate Committee on Finance and Revenue are scheduled to hold a work session, Wednesday, May 15 at 1PM on HB 3276 which “Exempts from property taxation property owned by port with appointed board of commissioners if property is located in county with population of less than 450,000 and is used or held for future use by person other than port pursuant to agreement obligating person to provide common carrier rail freight service to shippers”. Specifically, the bill will exempt private operators of the Coos Bay Rail Link from taxation.
The bill is co sponsored by Representative Caddy McKeown, Senator Arnie Roblan as well as Representatives Clem, Gomberg, Holvey, Komp, Read, Witt, and Senators Hansell, Johnson, Olsen, Prozanski, Steiner Hayward.
The committee is chaired by Chair Sen. Ginny Burdick and includes Senators Brian Boquist, Mark Hass and Diane Rosenbaum.
Don’t be shy about submitting your comments to the members and asking for an accounting of monies already spent on the Coos Bay Rail Link and for an estimated ROI on investment should the committee decide to “plow” more money into the line.
