Last Minute Tax Increase On Small Businesses!!

SB 1534-B has been amended to increase taxes on small business by changing the out-of-state income rates for business. Not only is this a back-door tax but a paperwork nightmare for businesses who would have to identify the geographic location of their income with some income being taxed differently. Do you know which of your customers come from Vancouver versus Portland? The fact that this is happening during the last few days (or hours) of Session means there is a real-life risk of a swift tax attack on Oregon business to steal away their tax relief set by the 2013 Legislature. This tax would help boost government coffers (maybe to fund their 13% growth and $11 billion PERS crisis).….html


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s