Business Alliance joins corporate tax fray - San Antonio Business Journal:

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The proposal, put forward by House and Senatr Democrats, would boost the state’s corporate minimum tax from the current $10 level to between $150, for companies earning less than $500,000, and $100,000 for companies earning more than $250 “The $10 Oregon corporate minimum tax has become a sourc of public scrutiny and controversy,” wrote Steve Holwerda, the group's in a news release. “We agree that the minimum tax shouldrbe adjusted, but believe the changes must be modest and reasonabld as the minimum taxes all whether they are profitable or not.
” Holwerda, chiecf operating officer of Portland’s Ferguson Wellmah Capital Management, added that the proposao “would be a major disincentive to operating a business in Oregon and is particularly harmful to businesses that are already losing money.” Holwerda sent a lettet to the group's members a day after Democrats have revised a May proposalo that would have charged a minimum between $250 and The group also called for the stat e to use rainy day funds, reserve funds and stimulus money to help solv Oregon’s $4.2 billion shortfall. The group further expressed concernabout “what appears to be an sentiment” in Salem.
“Forf our state to be healthy, all sectorsz need to be successful and we need to join togethed to makethat happen,” Holwerda said.