100 Billion Dollar Deal | 101 KXL

100 Billion Dollar Deal

Written by Mike Turner on August 11, 2014
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Washington County and Hillsboro offered Intel 30 years of property-tax breaks to secure up to $100 billion in investment and the company’s role as the biggest investor in Oregon’s economy.

Intel gets an exemption from paying property taxes on tools and equipment but requires the company to pay property tax on its land and buildings. It doesn’t require Intel to invest anything, but the company only gets tax breaks on equipment it actually buys.

The deal goes before Washington County commissioners and the Hillsboro City Council at a joint meeting Aug. 26.

Posted Under: Local Headlines, Today's Top Stories

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