Legislative committee passes $1 billion corporate tax hike

//Legislative committee passes $1 billion corporate tax hike

Legislative committee passes $1 billion corporate tax hike

The Oregon Legislature's Joint Committee on Student Success on Monday passed a $1 billion corporate tax hike on a 10-6 vote. The proposal now heads to the House. The money would be earmarked for K-12 public education. The Oregonian reports the bill will get a floor vote on Wednesday. The committee tweaked the bill before passing it. While it remains a tax on gross receipts, it now allows for the subtraction of 35 percent of the greater of either costs paid or labor costs. It previously allowed…

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By | 2019-04-30T17:37:35+00:00 April 30th, 2019|Education|

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