Posted by Staff Writer on 7/25/2019 to Federal and State Taxes
Oregon Business Tax
Transaction Tax to start in January
IncSmart Oregon (Small Business and Startups) - The new Oregon Business Tax hike, called the Student Success Act, will go into effect January 2020. A business that makes $750,000 in 2020 will be required to register for the new tax. Companies that post $1 million dollars in transactions will have to pay $250 fee. The new tax was passed along party lines with the Republicans voting against the increase. The new tax followed angry debates in Salem.