Salem, Ore. — The corporate tax measure Oregon voters will decide on this November would increase prices statewide.
That’s according to the Tax Foundation, a Washington D.C. think tank.
The proposed tax, also known as IP28, would assess a 2.5% gross receipts tax on companies with annual sales north of $25 million.
The foundation says the gross-receipts tax would be one of the highest in the country and would not replace the corporate income tax.
Consumers would also pay more for items made by affected companies.
Read the entire Tax Foundation publication regarding IP 28 HERE.
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