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The change enabled the city to reduce the rate of the payroll tax levied on area businesses for transit from 0.6 percent to 0.3 percent. Initially, the city provided the required replacement service by contracting with TriMet, which in turn contracted with Buck Ambulance to give service with vans. [2]
The 83rd Oregon Legislative Assembly is the current session of the Oregon Legislature. It began on January 21, 2025. It began on January 21, 2025. [ 2 ] [ 3 ] [ 4 ] Democrats netted one seat in both the House and the Senate to win a three-fifths supermajority in both chambers, which is required to pass new taxes or update existing taxes. [ 5 ]
TriMet operates a light rail system (MAX Light Rail), the Portland Streetcar, and a commuter rail line (WES Commuter Rail). TriMet is "a municipal corporation of the State of Oregon", with powers to tax, issue bonds, and enact police ordinances and is governed by a seven-member board of directors appointed by the Governor of Oregon. [8]
The tax funds Portland school teachers, and art focused non-profit organizations in Portland. [64] The State of Oregon also allows transit district to levy an income tax on employers and the self-employed. The State currently collects the tax for TriMet and the Lane Transit District. [65] [66] Oregon is one of six states with a revenue limit. [67]
Such tax is generally based on business income of the corporation apportioned to the state plus nonbusiness income only of resident corporations. Most state corporate income taxes are imposed at a flat rate and have a minimum amount of tax. Business taxable income in most states is defined, at least in part, by reference to federal taxable income.
Like transportation in the rest of the United States, the primary mode of local transportation in Portland, Oregon is the automobile. Metro , the metropolitan area's regional government, has a regional master plan in which transit-oriented development plays a major role. [ 1 ]
Under it, individuals with earnings of over $125,000 annually and couples with earnings over $200,000 are subject to 1% marginal income tax. Businesses with a gross revenue over $5 million are also subject to a 1% business tax. [8] [9]
The list of Oregon ballot measures lists all statewide ballot measures to the ... Permitting Different Tax Rates on Classes of Property 5: Yes: 63,881: 47,150: 57.53% ...
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