IncSmart Oregon (Small Business and Startups) -
Oregonians love to ride bikes. Portland boasts that 7.2 percent of the city's commuters ride bicycles. The highest percentage of bike commuters for an American city of this size. Oregon legislators passed a massive transportation package that includes a tax on the sale of bicycles. Beginning next year, the retail price of a bicycle over $200 will be taxed an extra $15. This tax will fund improvements for bicycle and pedestrian projects.
Retailers will start collecting these new taxes January 1, 2018. Oregon is now the only state in America with a bicycle excise tax. Smaller retailers are hit the hardest. Big box retailers such as Walmart, are exempt from collecting these taxes. The law unfairly puts the burden of this tax on small business. The bike tax goal to is raise $1.2 million per year from the healthy. Oregon has no sales tax. However, at the same time, $2,500 rebate for the purchase of a new electric vehicle.
By IncSmart Staff Writer
Starting a Business in Oregon
For 10 years, IncSmart.biz Business Services has helped companies and people from all over the world form Oregon Corporations and Oregon Limited Liability Companies. When you call, email, text, message or live chat with our office, expect personal attention. Small business is the heart of IncSmart.
We are very excited about helping you form your new company. Each state is so different when it comes to filing documents, you will know right away you are in the right place.
Think Smart. Think IncSmart.