Relating to large businesses with low-wage workers; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.

Creates Public Assistance Protection Fund. Requires Department of Revenue to impose assessment on certain employers with at least 100 employees if median salaries or wages paid to employees residing in Oregon would qualify individual or individual's dependents to receive public assistance. Assessments collected are transferred to and deposited in equal amounts to Education Stability Fund, Oregon Health Authority Fund to provide grants to counties for county health programs, Department of Education to pay grants to school districts for capital improvements to and supplies for primary and secondary schools and Public Employees' Benefit Account to offset pension liabilities of school districts. Takes effect on 91st day following adjournment sine die.