Corporate Taxes

Washington lawmakers recently rushed into special session to pass $8.7 billion in aerospace tax breaks. The aim: to land Boeing’s next generation 777 airplane. But how much does Boeing – or any other major company in Washington - pay in taxes?

Oregon lawmakers have turned away an attempt to expand a tax deal offered to athletic apparel giant Nike last year. Democrats in the Oregon Senate Wednesday rejected a Republican measure to freeze the way taxes are calculated on businesses.

Better-than-expected tax collections could trigger Oregon's unique kicker law, at least for corporations. The rebate is issued if revenues exceed initial projections by more than two percent. A newly released revenue forecast noted Thursday that business taxes have been robust enough to cross that threshold.

But state economist Mark McMullen says a final tally won't be made until later this year. "We believe that a kicker is better than a 50-50 shot. But not a sure thing. That came with a big surge in corporate taxes at the beginning of the year."

Two days after a proposed tax hike faltered in the Oregon House, a union-backed group has filed initiatives to raise taxes on corporations. The move by Our Oregon Friday could be a repeat of a bitter tax fight three years ago.

Our Oregon has successfully led two tax campaigns in the last few years. The group estimates the six initiatives it’s looking at for 2014 would raise corporate taxes anywhere from $75 million to more than $1 billion a year.

Nike Proposal Cheered, Jeered At First Hearing

Dec 13, 2012
Brandon Carson / Flickr

The proposal to give Nike certainty on the way its Oregon income taxes are calculated is winning both cheers and jeers at the state capitol. Lawmakers and interest groups are suggesting several changes to Gov. John Kitzhaber's plan, which will come before a special session of the legislature Friday.