How a new corporate tax plan could affect Oregonians

Effects of a proposed new corporate tax on Oregon’s economy could be minimal but mostly positive when paired with other tweaks to the state’s tax system, an analysis by the Legislative Revenue Office found.

Legislative Revenue Officer Paul Warner presented the finding Thursday to lawmakers on the Joint Tax Reform Committee. The model showed that a tax of 0.48 percent on companies’ Oregon sales over $1 million would boost hiring and investment in the state while driving up consumer prices. But in every case, effects of the tax overhaul were slight – increases or decreases of just fractions of a percent.

By Anna Marum [email protected]

Full Story: http://www.oregonlive.com/politics/index.ssf/2017/05/how_a_new_corporate_tax_plan_c.html#incart_river_index