Digger magazine

Serving the Northwest Nursery Industry for Over 50 Years

  • Digger-Employment_banner-2020-728x90px.jpg
  • NG_banner-2020-728x90px.jpg
  • FW_banner-2021-728x90px-1.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

Avatar

About Curt Kipp

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

CORONAVIRUS COVERAGE

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

Nor Cal trade show canceled due to COVID-19

Reflections on Farwest

More articles

NURSERY NEWS

McHutchison and Vaughan’s Horticulture appoints new leadership, sales team

Friends of Nurseries awards announced by OAN

Oregon Garden Foundation reclaims management role

Zielinski appointed to state board of ag

Disaster loans available for drought-stricken nurseries

More Nursery News

FARWEST SHOW UPDATES

People’s Choice Award winners announced for the 2020 Farwest Show New Varieties Showcase

Augmented reality app allows New Varieties Showcase voting

Farwest Show launches virtual contest to crown 2020 New Varieties Showcase winners

MANTS 2021 to move online due to COVID-19

Growing with the industry: Farwest memories

More Updates from Farwest

From the pages of Digger

January 2021 – Nursery Country

December 2020

The Transportation Issue — November 2020

The Advocacy Issue: October 2020

September 2020

August 2020 — Farwest Edition

More issues of Digger

Connect with us online

  • Email
  • Facebook
  • Instagram
  • Twitter
​

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