Gov. Brown will keep Oregon's new Corporate Activities Tax amid coronavirus outbreak

by KATU Staff

Tue, April 21st 2020, 11:37 AM UTC

The “Corporate Activity Tax" will start in 2020 and fund the Student Success Act. It’s expected to raise $1 billion dollars that will be divided between statewide initiatives, like school meals. The other half will be divided among all Oregon school districts with guidelines on what the money can be spent on. KATU photo

SALEM, Ore. — Oregon Governor Kate Brown says she will not delay the Corporate Activities Tax, in spite of a call to delay the tax on businesses hit hard by the coronavirus crisis.

The tax, passed last year, will enact a 0.57 percent tax on businesses bringing in more than $1 million, whether they make profit or not.

The Oregon Republican Party demanded the governor delay the tax, saying businesses have been "severely impacted by the COVID-19 economic shutdown she ordered."

Gov. Brown's office said the tax helps preserve Oregon's schools and other essential services and protects small businesses and the middle class.

You can read the full statement from the governor's office below:

During this public health crisis, Governor Brown’s first concern is protecting the health and safety of Oregonians. It’s more important than ever to preserve Oregon’s schools and other essential services, especially for vulnerable Oregonians who have had their lives and livelihoods threatened during this pandemic. Preserving the Corporate Activities Tax is one of the best ways to do that, and to help protect small businesses and middle class taxpayers.

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