Oregon’s timber industry, along with the rural business community is urging state lawmakers and Gov Kate Brown to temporarily suspend the recently approved new Corporate Activity Tax for 6-months to help business hard hit by the COVID-19 pandemic. The legislation was passed last year and requires businesses that make more than $1 million in Oregon to pay $250 plus 0.57% of the “excess” revenues in tax, which will go into a special fund to help pay for schools. The tax went into effect at the beginning of this year, with the first quarterly reports due April 30. Sara Duncan, a community organizer for the Oregon Forests Forever, said the pandemic has been especially hard on rural communities that rely on forests to provide jobs. “To have businesses asked to pay a new tax right now, this is probably the worst possible time,” Duncan said. Governor Brown has not yet officially commented.
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Oregon Forests Forever asks governor to delay Corporate Activities Tax