Upwards of 5,800 Portland small businesses will get some tax relief after Portland City Council raised the exemption level. Here’s how much.
PORTLAND, Oregon — Portland City Council voted Wednesday to approve changes for the city’s business license tax that could offer savings to thousands of businesses.
Portland’s business license tax is 2.6% of net income; standalone, it’s not the highest in the country. But, Portland business must also pay an additional 2% business income tax for Multnomah County, along with other local taxes. Stacked all together, Portland has a tax burden among the highest in the U.S. for businesses.
Under the proposal,
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