The Portland City Council voted yesterday to lower its business taxes on 13,000 smaller, new and local businesses. In modern times, this is the first time that the City government has ever lowered its business taxes on an ongoing basis.
These tax reductions targeted to local entrepreneurs are proof of our determination to make Portland a place for more businesses to grow and succeed; because it is with prosperous local businesses that most of our family-wage jobs can be created.
It has taken two years of persistence to make this change happen; a hearty thanks to my City Council colleagues, Warren Jimenez on my staff, Terri Williams and Sue Klobertanz in City's Bureau of Revenue and deepest gratitude to all the business owners and leaders who worked so hard to help make this change happen.
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Adams' Proposal Targets Business Tax Reductions [0]
Portland slices its business tax bill [1]