Regional News

Proposed Tax Code Changes

(Salem, OR) -- Bills in the Oregon Legislature would remove some tax breaks because of changes caused by the Big Beautiful Bill passed by Congress. The Trump tax package caused a 900-million-dollar hole in the budget passed by the Legislature last year. Democrats are proposing an end to a deduction for interest on personal vehicle loans, a tax break on profits from certain small-business stock sales, and require businesses to spread tax write-offs for equipment purchases over several years.

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