SB 127/HB 2433 increases CAT tax threshold SUPPORT

SB 127

VOTE:YES

SUBMIT TESTIMONY

Email Legislators

In CommitteePublic Hearing 02/15/2023 3:00pm HR A
Status (overview) of bill:https://olis.oregonlegislature.gov/liz/2023R1/Measures/Overview/SB127
Committee assigned to bill:https://olis.oregonlegislature.gov/liz/2023R1/Committees/SFR/Overview

This bill raises the  Corporate Access Tax threshold to $5 million. Raising the threshold from $1 million to $5 million would give and exemption of approximately 13000 small-med businesses

The CAT tax needs some accountability. Taxpayers are not seeing
measurable returns in any improvement in education and the entire CAT tax needs to be repealed and not add to inflation.