OREGON TAX POLICY: WHERE DO WE GO FROM HERE?
A report by the Technology Association of Oregon
The 5 states included in the tax policy comparison (WA, AZ, TX, UT, CO) were selected based on TAO’s experience working with companies operating in Oregon or considering relocating to the state.
|Personal Income Tax Rate||higher||higher||higher||higher||higher|
|Income Tax Burden (Family of 3)||higher||higher||higher||higher||higher|
|Sales Factor Sourcing Rules||worse||worse||worse||worse||worse|
|Local Property Tax (Major City)||higher||lower||higher||higher||higher|
|Tax Credits - Investors||same||same||worse||same||same|
|Tax Credits - R&D||better||N/A||similar||worse||similar|
|Tax Credits - Investments||better||worse||worse||N/A||N/A|
OREGON RANKS WORST AMONG PEERS
With a ranking of 32, Oregon is the worst among its peers for personal income tax. This hinders Oregon's ability to attract top tech companies.
OREGON IN MIDDLE OF THE PACK
With a ranking of 35, Oregon ranks under WA and TX despite having the highest overall top corporate tax rate.