Rep. Reschke: Tax relief for farmers, small business

By Oregon State Representative E. Werner Reschke,

As the Vice Chair of the House Committee on Revenue, I have cosponsored and been able to get public hearings on several bills which would bring direct tax relief to farmers and small businesses, as well as help families build generational wealth. HB 2142 exempts the sales of agricultural products to wholesalers from the Corporate Activities Tax. HB 2433 would raise the exemption for businesses from the Corporate Activities Tax from $1 million to $5 million in annual revenue. HB 2624 would raise the exclusion from the Oregon’s estate tax from $1 million to $2 million.