Digger magazine

Serving the Northwest Nursery Industry for Over 50 Years

  • Digger-Employment_banner-2020-728x90px.jpg
  • NG_banner-2020-728x90px.jpg
  • FW_banner-2022-728x90px.jpg
  • Home
  • Articles
    • Nursery News
    • Features
    • Plants
    • Growing Knowledge
    • Operations
    • Nursery Country
    • Meta
  • Issues
  • Events
  • Farwest
  • Columns
    • Director’s Desk
    • Mike Darcy
    • Pivot Points
    • President’s Message
  • Employment Classifieds
  • Advertise
  • Subscribe
You are here: Home / Tax hikes approved

Tax hikes approved

By Curt Kipp — Posted June 10, 2009

Yesterday, the Oregon House of Representatives approved two revenue bills that, combined, would raise an estimated $733 billion to fund state programs and services over the next fiscal biennium. The Oregon Senate is expected to follow suit, and Gov. Ted Kulongoski is certain to sign it. From there, the measures may be referred to voters via the referendum process. As reported in The Oregonian (Portland, Ore.):

House Bill 2649 establishes a new, higher tax bracket of 10.8 percent on income above $125,000 for single filers and above $250,000 for households. A rate of 11 percent would apply to households above $500,000. The current top tax rate is 9 percent. The new rates would raise an estimated $472 million over the next two years.

The other measure, House Bill 3405, hikes taxes on corporations. Under the bill, Oregon’s $10 minimum tax on corporations would change to a sliding scale between $150 and $100,000, depending on revenue. It also would set a rate of 7.9 percent for corporate income above $250,000, dropping to 7.6 percent after 2011. The higher corporate taxes would raise an estimated $261 million over the next two years.

Under this bill, a corporation with income of $1 million would pay 7.9 percent tax on the portion over $250,000, or 7.9 percent of $750,000, which translates to $59,250. That’s not insignificant. How will this affect small businesses, particularly nurseries, in Oregon?

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Twitter
  • More
  • Reddit
  • Tumblr
  • Pinterest
  • Pocket

Filed Under: Uncategorized Tagged With: 2009 Legislature, Business, Legal, Politics, Taxes

About Curt Kipp

Curt Kipp is the director of publications and communications at the Oregon Association of Nurseries, and the editor of Digger magazine.

The Value of Membership

Creating the future generation of nursery leaders

Everde Growers®

Meet the Leader: Rod Park

More member stories

NURSERY NEWS

Terra Nova Nurseries promotes Harini Korlipara to general manager

OBC Northwest grows sales team with three additions

másLabor merges with AgWorks H2 to form largest visa labor service provider

Bailey Nurseries recognizes top brand licensee partner growers

Six decades of support

More Nursery News

From the pages of Digger

August 2022 — Farwest Edition

July 2022

June 2022 — The Sustainability Issue

May 2022 — The Technology Issue

April 2022 — The Tree Issue

More issues of Digger

CORONAVIRUS COVERAGE

Virtual is the new reality – for now

Trade shows in the time of COVID

A demand ‘renaissance’ for nurseries

Western Nursery & Landscape Association falls victim to pandemic

MANTS 2021 to move online due to COVID-19

More articles

Nursery Guide LIVE

Nursery Guide LIVE clicks into place

Booth spaces still available for Nursery Guide LIVE March 17–18

Nursery Guide LIVE virtual marketplace postponed due to winter storm damage

Keynote presentations at Nursery Guide LIVE virtual marketplace provide insight on green industry trends in 2021 and beyond

More Posts from this Category

FARWEST SHOW UPDATES

Tailored to today’s customers

Little Prince repeats as Best in Show booth winner

Two stand out at New Varieties Showcase

Retailers’ Choice Awards embrace discoveries at Farwest

Farwest marks a gathering of new, returning faces

More Updates from Farwest

Connect with us online

  • Email
  • Facebook
  • Instagram
  • Twitter
​

Updates to exisiting subscriptions can be sent to info@oan.org

News

  • Nursery News
  • Growing Knowledge
  • Nursery Operations
  • Meta

Features

  • Plant Features
  • OAN Members
  • Oregon Nursery Country

Columns

  • Director’s Desk
  • Mike Darcy
  • Pivot Points
  • President’s Message

Resources

  • OAN Home Page
  • Job Listings
  • Subscribe to Digger
  • Advertise in Digger
  • Online Plant Search

© Copyright 2020 Oregon Association of Nurseries · Admin