SB 139 the controversial 17% small business tax hike has faced bipartisan opposition as seven Democrat lawmakers voted against it and all Republican lawmakers voted against it helping to make the tax one of the most unpopular bills of the 2021 Legislature.
If SB 139 passes, Oregon would be among the few places in America with the audacity to raise taxes on small business during the pandemic. SB 139 is retroactive to January 1, 2021, so small businesses would be hit with a surprise tax bill going back seven months when many restaurants and gyms were ordered to be closed. It was only last week that many restaurants were ordered to be at 50% capacity.
Because the bill received bipartisan opposition it may be vetoed by the Governor who has already surprised her colleagues with unexpected vetoes already. Furthermore, this tax is so severe, that we must do everything in our power to stop it.
SB 139 raises taxes only on small businesses. SB 139 only targets family owned businesses (LLCs, Partnerships, S-Corps). Oregon’s largest companies, C-Corporations, are exempt from the tax. It is no small tax as it raises $50 million in new taxes at the same time the Legislature decided to move $500 million in surplus funds into a reserve slush fund account.
SB 139A is before the Governor.
You can call the Governor to oppose SB 139 the $50 Million small business tax at the number below:
Governor Kate Brown
Phone: (503) 378-4582
Posted at Oregon Catalyst on 7-7-21 by In the news
Date: 2021-07-07 07:24No tags for this post.