Facts and Praises

Demographics: Taxes

Portland, and the state of Oregon, enjoy a number of tax advantages. Oregon’s favorable tax structure includes property tax limits, no inventory tax and no sales tax, which translates into substantial savings, particularly for capital-intensive operations.

In a new study, The State Business Tax Climate Index, the Tax Foundation ranks the states on how "business friendly" their tax systems were at the start of 2003.

Oregon is among the ten states with the most business-friendly tax system, along with Wyoming, New Hampshire, Nevada, Colorado, Alaska, South Dakota, Florida, Washington and Tennessee.

The overall index is a composition of five specific indexes devoted to major features of a state's tax system, features that definitely influence business decisions or the economy in general: the corporate income tax, the individual income tax, the sales or gross receipts tax, the state's fiscal balance, and the conformity of the state's tax system with other systems. These five indexes are themselves composites of several sub-indexes. The large number of variables assures that no one attribute will dominate a state's score.

Read the full report on State Business Tax Climates.

for PDC's News & Information E-Mail Lists
Archive of sent E-Mails
Unsubscribe from our E-Mail Lists