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Oregon Senate passes bill to tax repatriated money, delays vote on second tax bill

SALEM -- A bill to ensure Oregon taxes the money that corporations bring back from overseas under a favorable new Republican federal tax plan cruised through the Oregon Senate with unanimous bipartisan support on Tuesday.

In contrast, Democrats delayed a vote on a controversial companion bill that they say would prevent certain businesses from double-dipping on state tax breaks. They could push back the vote until next week, given that a key supporter – Sen. Chuck Riley of Hillsboro – is absent while he recovers from surgery....

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News Posted By: oregonlive - Tuesday, 13 February