The exact amount of taxes and fees would depend on the level and timing of investment under the 2014 agreement. Intel has consistently said that a SIP agreement would be required before the $100 billion investment in its Washington County facilities would be considered. Without this investment, there would be no "tax savings."
The 2014 SIP agreement creates a fee structure that ensures Intel would pay an amount equal to full property taxes on new buildings and land with any tax savings stemming from Intel's investment in machinery and equipment. Intel estimates that most of its investment is intended for equipment upgrades and new equipment investment required by rapidly changing technology.
Under the Intel SIP agreements approved in 1999 and 2005 -- and not including the fees associated with these agreements -- Intel was levied more property taxes than any other property tax payer in Washington County in 2013-2014.
On a per-employee basis, Intel was levied substantially more than other industrial/manufacturing businesses operating in Washington County in 2013-2014. The 2014 agreement continues the approach from the 1999 and 2005 agreements, although the precise amounts of taxes and fees would depend on the timing and nature of Intel's investment under the 2014 agreement.
Notes and Sources: Property taxes levied for Industrial and Machinery and Equipment categories from Washington County Department of Assessment and Taxation for the 2013-2014 tax year;manufacturing employees in Washington County from Covered Employment and Wages, Oregon Employment Department 2013. These employers are routinely reported by the Oregon Employment Department within the 300 series of the North American Industry Classification System (NAICS) as manufacturing businesses: food, beverage and tobacco product, textile mills, textile product mills, apparel, leather and allied product, wood product, paper, printing and related support activities, chemical, plastics and rubber products, nonmetallic mineral product, primary metal, fabricated metal product, machinery, computer and electronic product, electrical equipment and appliance, transportation equipment, furniture and related product, miscellaneous.
