Pending right now in Congress, as part of H.R. 1552, The Small Business Formation and Job Creation Act, is a proposal to increase the current tax deduction for new small businesses from $5,000 to $20,000. For more on this piece of legislation, click here, a link to the site of the National Federation of Independent Business. (more…)
Apparently Oregon’s Business Energy Tax Credit, which is one of a multitude of tax incentives drawing companies to the state (see a list in this previous post), is proving to be more popular and generous than anticipated. The ease of qualifying for, and receiving, the tax credit has pushed the number of applicants to 4,000, as noted in yesterday’s Oregonian, which ran this story about the companies that are benefiting, calling the credit “the state’s fastest growing tax shelter.” (more…)