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As a tax professional who prepares business returns in about half the states of the union, it has long been dismaying to me that the Oregon minimum tax is laughably low in comparison to other states, and that many Oregon pass through entities pay nothing with their filed returns.    I had hoped that the legislature's bill would temporarily increase the C corp tax rate for high net income, and permanently institute a minimum fee of around $250 for all business filers.  As it is, Measure 67 is way too complicated.  It seems like it will catch a few big fish like Nike and Intel, while negatively impacting other large revenue businesses struggling in the midst of recession.  I disagree with the Oregonian's assertion that defeating both tax measures will enable the legislature to pass a better bill in February.  I think they'll give up, and their failed effort will only delay the result we really need -- a complete overhaul of our entire tax system.

posted 3 years, 4 months ago
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