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Businesses score tax bill victory

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High Five
Tuesday, March 08, 2011
The Oregon House voted by an overwhelming majority to allow companies to take accelerated tax breaks on new equipment.

Senate leaders say they will make a concurring vote today.

The 41-19 vote and nearly two hours of parliamentary maneuvers marked a defining point for the House, which for the first time in history is evenly split between 30 Republicans and 30 Democrats.

The tax breaks will mean that businesses will save about $93 million and state government will have that much less to spend on schools, prisons and social services in the next two years. But supporters argued the breaks are necessary to get Oregon's economy back on track.

Read more at OregonLive.com.

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