Tax credits up for review


A 2009 law requires Oregon lawmakers to review tax credits after two years, otherwise the credits will expire.

Share this article!

A 2009 law requires Oregon lawmakers to review tax credits after two years, otherwise the credits will expire.

The 2009 law requires automatic review of about 50 tax credits, which are subtracted directly from taxes owed, over the next six years. There are 23 up in the two-year cycle starting July 1, and the way the law is written, lawmakers must vote to renew or change them — or they will expire.

The law exempts from review a few credits, including the biggest one used by most individuals on their income taxes.

Read more at the Statesman Journal.

{biztweet}oregon tax credit{/biztweet




Latest from Oregon Business Team