Oregon's governor has called the state legislature into specialsession today to consider a tax deal for Nike, the $24.7 billionsneaker company, the Wall Street Journal reports. Nike,the state's second biggest company, with headquarters are inBeaverton, Ore., is thinking of expanding but wants the state topromise that its tax burden won't increase.

Oregon Gov. John Kitzhaber has asked the legislature to allowhim to promise companies their taxes won't change for 40 years ifthey promise to invest $150 million in Oregon over five years andcreate 500 jobs. The Journal notes that Oregon alreadyoffers companies a “single sales factor” tax structure in whichthey pay taxes only on their sales in Oregon, rather than theirtotal sales or property.