Business Alliance joins corporate tax fray - Houston Business Journal:

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The proposal, put forwarsd by House and Senatre Democrats, would boost the state’z corporate minimum tax from thecurrent $10 level to betweebn $150, for companies earnint less than $500,000, and $100,000 for companiexs earning more than $250 million. “Thr $10 Oregon corporate minimum tax has become a sourc e of public scrutinyand controversy,” wroted Steve Holwerda, the group's chair, in a news “We agree that the minimujm tax should be adjusted, but believe the changes must be modesty and reasonable as the minimum taxed all (C-corporations) whether they are profitable or Holwerda, chief operating officer of Portland’s Ferguson Wellman Capitapl Management, added that the proposa l “would be a major disincentive to operating a business in Oregon and is particularly harmful to businesses that are already losinv money.
” Holwerda sent a letter to the group'sz members a day after Democrats have revised a May proposall that would have charged a minimunm between $250 and $60,000. The group also calle d for the state to use rainyday funds, reserve funds and stimulus money to help solvs Oregon’s $4.2 billion shortfall. The group further expressed concerbnabout “what appears to be an ‘anti-business’ sentiment” in Salem. “Fod our state to be healthy, all sectorsa need to be successful and we need to join together to make that Holwerda said.