oregon budget

Chris Lehman / Northwest News Network

Oregon lawmakers got their first look Tuesday at a bill to overhaul the way the state taxes corporations. The short version of the plan: Businesses would be taxed on the sales they have in Oregon each year, instead of on their profits.

The 111-page document leaves out some of the details, including how much corporations would actually be taxed under the plan.

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Oregonians could be getting a kicker when they file their taxes next year. State economists said Tuesday that revenues for the current budget cycle are on track to exceed projections by a wide enough margin to trigger Oregon's unique kicker law.

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The May revenue forecast is a critical piece of information for lawmakers as they decide how to spend taxpayer dollars during the next two-year budget cycle.

Oregon Legislature

In a year when Oregon lawmakers are grappling with a $1.6 billion budget shortfall, even some legislative leaders are having trouble gaining traction for their priorities.

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Oregon House Democrats pitched a plan to overhaul the way the state taxes businesses Thursday. The proposal is part of an effort to bridge a $1.6 billion shortfall in the upcoming budget.

Chris Lehman / Northwest News Network

Oregon lawmakers have unveiled a proposed business tax that’s meant to help bridge a $1.6 billion budget shortfall.

The new tax would be a “gross receipts tax,” and would replace the existing corporate income tax. Unlike an income tax, the gross receipts tax would be levied on a company’s overall sales, not its profits.

Chris Lehman / Northwest News Network

One of the largest state workers unions rallied in front of the Oregon Capitol Friday. Members of the American Federation of State, County and Municipal Employees said budget-balancing discussions by Oregon lawmakers unfairly target public employees.

Tom Banse / NW News Network

A bipartisan group of Oregon lawmakers unveiled a proposal on Friday to reel in state spending during the upcoming budget cycle. The plan calls for a two-year hiring freeze on "non-essential positions."

Chris Lehman / Northwest News Network

Budget writers at the Oregon Legislature are warning of deep cuts to health care and education. The Democrats in charge of putting together a two-year spending plan released a list of potential cuts Monday.

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Oregon lawmakers briefly considered a measure Thursday that would have hiked the income tax on wealthy Oregonians. But the bill may live to see another day.

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