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.