The Oregon Natural Resources Report - Agricultural News from Oregon

Capitol update: Hemp, Wolf, Taxes, Carbon

February 21, 2018 --


By Oregon Small Business Association,

Oregon’s Legislature continues to grind away during its short “off-year” Session, and the State’s agricultural interests received some attention in mid-February. The House Agriculture Committee passed three bills of interest to Oregon farmers, ranchers and foresters, sending them along to the Joint Ways and Means Committee which must also approve since they have a budget impact.

SB 1528Small business tax.  SB 1528 is a tax only on Oregon Small businesses which will impact many small Oregon family farmers. Last year Congress passed the heralded Tax Reform package which provided small businesses a 20% reduction in taxable income. SB 1528 simply steals away the benefit from Oregon taxes. Sb 1528 only eliminates the tax deduction for small businesses in the 2017 Tax Reform and does not eliminate or touch the tax reductions offered to large corporations.



Print This Post Print This Post    Email This Post Email This Post

Subscribe to Weekly Updates

 

Top Business News

 

Top Natural Resource News

 

Top Faith News

 

Copyright © 2018, OregonReport. All Rights Reserved. | Terms of Use - Copyright - Legal Policy | Contact Oregon Report

Stay Tuned...

Stay up to date with the latest political news and commentary from Natural Resource Report through weekly email updates:

Delivered by FeedBurner

Prefer another subscription option? Subscribe to our RSS Feed, become a fan on Facebook, or follow us on Twitter.

RSS Twitter Facebook

No Thanks (close this box)