Gene Whisnant voted Nay (Passage) on this Legislation.
Title: Corporate Tax Increase
Signed by Governor Ted Kulongoski
Title: Corporate Tax Increase
Vote to pass a bill that increases the corporate income tax by brackets on all Oregon businesses.
-Raises minimum taxation level to $150 for businesses making less than $500,000 (Sec. 1). -Increases corporate taxes in Oregon to six and six-tenths percent of the first $250,000 of taxable income and seven and nine-tenths percent of any amount of taxable income over $250,000 (Sec. 5). -Raises the minimum taxation levels for all corporate income brackets (Sec. 1).
Title: Corporate Tax Increase
Vote to pass a bill that increases the corporate income tax brackets on all Oregon businesses.
-Raises the minimum taxation levels for all corporate income brackets (Sec. 1). -Raises minimum taxation level to $150 for businesses making less than $500,000 (Sec. 1). -Increases corporate taxes in Oregon to six and six-tenths percent of the first $250,000 of taxable income and seven and nine-tenths percent of any amount of taxable income over $250,000 (Sec. 5). -Takes effect 91 days after the conclusion of the regular session of the seventy-fifth Legislative Assembly (Sec. 20).
Title: Corporate Tax Increase