Last week a draft bill has been introduced in the Legislative Revenue Committee and it deals with Oregon income taxes. The draft bill (LC 1581) is very simple, it requires the State Capitol Revenue Office to study Oregon’s income tax and make recommendations to lawmakers. Here are 4 reasons why you should concerned. #1. Legislative studies are the first step…
New Speaker of the House For the first time in 9 years, Oregon’s House of Representatives has a new Speaker of the House: Representative Dan Rayfield of Corvallis. How Speaker Rayfield will differ from the previous Speaker is yet to be seen. Bills I introduced two bills on the opening day of session: • HJR 201 – Ending the Governor’s…
The bills to be debated during the 35-day Oregon Special Session have been introduced this week. House Bill 4079, sponsored by State Representative Brad Witt would create a sales tax in order to give debit cards to lower income people loaded with $750 monthly payments. The sales tax would hit electronic goods, computers, cell-phones, certain vehicles and certain clothing of…
Both Newport and Cannon Beach have 5% Meals Tax proposals on the November 2021 ballot. Newport’s tax is Measure 21-205 which would fund public safety, library, parks, facilities and other services. Cannon Beach’s tax measure is ballot 4-210 and it would fund the Fire District and a new City Hall. Both taxes would severely hit restaurants at a terrible time….
Government has used our tax dollars to create one of the biggest labor shortages in recent memory and is now on the verge of taxing the victims, small businesses owners, for not hiring. As you know, recent Federal $1,200 month bonuses (above unemployment payouts) created a situation where people made more staying home than working. So bad it was that…
On Monday June 14th, The Oregon Senate Finance and Revenue Committee debated and voted to pass SB 139 which raises tax rates on family owned small businesses. It raises the tax rate for pass through entities like LLCs and partnerships. This tax only hits these type of family owned businesses while C-corporations and publicly traded corporations will not be taxed…
Sipping a glass of wine and drinking a beer could cost a lot more in Oregon under a proposed bill that would increase alcohol taxes by as much as 3,000 percent to pay for substance abuse prevention and treatment programs. Reps. Tawna Sanchez (D-Portland) and Rachel Prusak (D-Tualatin/West Linn) sponsored House Bill 3296 to boost the wholesale tax on beer…
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