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Lawmakers want a Nike-style deal for rural businesses

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Tuesday, December 24, 2013

Several rural lawmakers are hoping to create a legislative package for small businesses in Oregon similar to the 30-year tax agreement created solely for Nike.

Last year, the governor called lawmakers back to the Capitol for a one-day special session to approve a deal assuring Nike its corporate income tax structure won’t change for 30 years.

The bargain doesn’t give the company a tax break. But it does ensure the corporate tax structure, known as the single sales factor, won’t change.

But there is growing momentum to ensure smaller, more rural businesses get a chance to strike a similar bargain.

 

Read more at The Bulletin.

 

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