Business tax up next in Salem

Legislature to vote on $900 million overhaul.

A contentious overhaul of the state’s business tax system is moving toward center stage in the Legislature this week.

House Bill 2830, called the Revenue Reform and Education Stability Act, would replace the corporate income tax with a commercial activity tax. The rates have brackets based on industry, ranging from 0.15 percent to 0.75 percent of sales above $3 million.

Source: Business tax up next in Salem; Legislature to vote on $900 million overhaul