Lawmakers want a Nike-style deal for rural businesses

Lawmakers want a Nike-style deal for rural businesses

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.