February 10, 2023 9:30 a.m.

On Thursday State Representative Virgle Osborne of Roseburg, released a statement on his bill that would increase the Corporate Activity Tax threshold from $1 million to $5 million.

Osborne said, “This morning, I experienced overwhelming support in the House Committee on Revenue for House Bill 2433, which received nearly 40 submissions of written testimony”. Osborne said, “This bill, should it successfully make its way through the legislative process, will provide critical relief to Oregon’s small businesses that operate on razor-thin margins”. Osborne said legislators must remember that inflation and supply chain issues are still plaguing Oregon businesses. He said, “I promised small businesses that I would fight for them – this bill ensures I deliver on that promise”.

Representative Osborne currently serves on the House Committee on Business and Labor, the House Committee on Economic Development and Small Business, and the House Committee on Climate, Energy, and Environment.