Taxpayer Association of Oregon
HB 2457-1 (-1 amendment) would raid Covid tax relief for small business passed by the bipartisan CARES Act last year. It does this by disconnecting a small portion of Oregon’s tax code from Federal rules which end up costing small businesses higher tax bills. It also means millions of new tax revenue for politicians who are witnessing record breaking revenue already in the budget and record breaking Federal assistance.
The hearing was announced with just a few days notice, and will be held Tuesday at 1:00 in the House Revenue Committee.
P.s. As of Monday night before the hearing there was no official bill explanation of the amendment and details of how much money the bill would raise.