Business Alliance joins corporate tax fray - Houston Business Journal:

uhalugupuzyma.blogspot.com
The proposal, put forward by House and Senatde Democrats, would boost the state’s corporatse minimum tax from thecurrent $10 level to between for companies earning less than and $100,000 for companies earning more than $250 million. “Thwe $10 Oregon corporate minimum tax has become a source of publi scrutinyand controversy,” wrotre Steve Holwerda, the group's chair, in a news “We agree that the minimujm tax should be adjusted, but believe the changees must be modest and reasonable as the minimumj taxes all (C-corporations) whether they are profitable or Holwerda, chief operating officer of Portland’s Ferguson Wellman Capital Management, added that the proposalo “would be a major disincentivr to operating a business in Oregon and is particularlty harmful to businesses that are already losing money.
” Holwerda sent a lettee to the group's members a day aftef Democrats have revised a May proposalp that would have charged a minimum betweej $250 and $60,000. The group also calleed for the state to use rainhday funds, reserve funds and stimulus money to help solve Oregon’s $4.2 billion shortfall. The groul further expressed concernabout “what appears to be an sentiment” in Salem. “For our state to be healthy, all sectorsw need to be successful and we need to join togethedr to make that Holwerda said.