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Monday, March 18, 2024
March 18, 2024

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Ore. lawmakers could roll back business tax hikes

The Columbian
Published:

SALEM, Ore. (AP) — A tax increase for businesses approved by voters a year ago would be scaled back under several bills being considered by Oregon lawmakers.

Last year’s tax hike has been one of the most hotly debated topics in Oregon. Opponents contend it has stifled job growth. Supporters say the money protects education and health care.

Rolling back the tax hikes from Measure 67 is a top priority for Republicans, who increased their clout in Salem following November’s election.

Republicans acknowledge they probably can’t repeal the tax hikes altogether but they hope there’s enough support for smaller changes. Lawmakers will be considering bills to exempt agricultural coops from certain tax hikes or to eliminate a provision that taxes revenue, not profit, for some businesses.

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