Payroll Tax Alert to all Small Businesses
HB 2575 narrowly passed the Oregon House of Representatives which would raise a $35 million tax on Oregon business to pay for a particular family leave insurance fund. It is a one cent/hour tax on all employees in Oregon. This would effect over one million Oregonians who work. Oregon businesses would collect and pay the tax and a new government entity would be created to administer it through the Bureau of Labor and Industries.
It is still unknown why the legislation was not officially listed as a tax increase by Legislative Council, even though it raises $35 million in new taxes.
Posted: June 26th, 2007 under Uncategorized.