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A message from Oregon State Chamber of Commerce…

“The most significant issue of the past week was the final passage of the ‘American Rescue Plan’ federal aid package that will send over $2.6 billion to the Oregon legislature to fill budget holes.
With all this money coming to the state, OSCC sounded the alarm that the Oregon Legislature is still looking to raise taxes on small businesses and working Oregonians. 
OSCC sounded the alarm on the following taxes:

  • SB 137 – Disconnect from Federal CARES Act tax benefits for Oregon businesses
  • SB 139 – Repeal of the Oregon Small Business Tax Cut 
  • HB 2253– Taxing PPP loans
  • HB 2839 – Disconnect from Federal CARES Act tax benefits for Oregon businesses

OSCC also called attention to important tax relief legislation:

  • SB 842 – Eliminates state taxes on federal stimulus checks

Finally, OSCC is looking to Friday, March 19th with a high degree of anticipation, as it is the first major deadline of the 2021 legislative session. All… Read the rest

Commercial Rent Relief Program

A message from Business Oregon…

“The Oregon Legislative Emergency Board on January 8, 2021, allocated $100 million to fund a new Commercial Rent Relief Program to provide financial assistance to small businesses and landlords adversely affected by economic conditions as a direct result of the COVID-19 pandemic.

The program will open for applications on March 8, 2021.

The program targets landlords with tenant businesses with 100 or fewer employees who are behind on lease payments or any forgiven base rent amounts that have been negotiated due to COVID-19. The program will require both business tenant and property owner participation. The program includes additional protections for tenants, such as non-eviction clauses, and a waiver of penalties and interest.”

Read More & Apply
… Read the rest