Oregon Lawmakers Pass Bill to Protect State Revenue
Portland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oregon lawmakers pass SB 1507 to protect $291M in state tax revenue, cutting ties with federal tax breaks for businesses and car loans. The bill, championed by Democrats, aims to safeguard funding for schools, healthcare, and community services. Republicans, opposing the measure, plan to refer it to voters via a ballot measure in November. The bill also includes new incentives, such as a job creation tax credit and an increased Earned Income Tax Credit for low and moderate-income individuals.
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