House Revenue - 02.14.2023
The committee considered proposals repealing Oregon's "throwback" corporate apportionment rule and allowing businesses to write off the costs of capital expenses in the year those costs occur.
On Tuesday, the House Revenue Committee held a hearing on proposals designed to tweak the state's tax structure to entice businesses to invest in the state. The measures seek to repeal Oregon's "throwback" rule for corporate apportionment and maintain the preferential policy allowing businesses to deduct the costs of capital assets immediately
For transparency, I want to acknowledge that I am the lead proponent behind these measures. If anyone has questions or would like additional information, please contact me via email.