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Tax Alert Notice: February 2020 Session

Tax Alert Notice: These six tax increase bills are being considered by the short 35-day February Legislative Session. Carbon Tax (72-cent gas tax): SB 1530 Aims to reduce Greenhouse gas emissions by 80% of 1990 levels by 2050 by taxing Oregon emission companies. It is expected to raise the cost of gasoline from 22 to…

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Coastal town vs. Facebook in land-use battle

By Taxpayer Foundation of Oregon, Like David and Goliath, residents of a tiny town on the Oregon Coast are battling Facebook, one of the world’s largest tech companies, over the social media company’s plans to build a landing spot for undersea cables. Residents in quiet Tierra Del Mar, about 65 miles southwest of Portland, worry…

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Kicker Tax Refund grows bigger

Oregon taxpayers may see an even larger “kicker,” a credit on their 2019 personal state income tax returns, than previously anticipated. Previously, taxpayers were expected to receive an average $370 million refund in 2020 — now that kicker tax refund may grow much larger. The Oregon Department of Revenue noted that the kicker for 2018…

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NEWS

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