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Local News

Knopp Supporting Bill to Help Small Business


State Senator Tim Knopp of Bend filed a bill Wednesday that will be a big benefit to Oregon small businesses.

 

Knopp says the bill is similar to the recent "Nike Bill" that was passed in December.

 

"I have a bill that would basically expand that provision to all small businesses who use the single sales factor, which is what Nike asked for tax certainty as it related to the single sales factor and that - that would be around. And I think if it’s good enough for one of our biggest and best businesses, a Fortune 500 business, its good for small businesses as well."

 

The single sales factor will assure smaller businesses that their sales tax would stay at the same rate for a certain period of time - giving them room to grow their business.

 

Knopp says the first step is filing the bill today.


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