Update: August 11, 2011

Corporate Funded Study Says Oregon Has Nation's Fifth Lowest Business Taxes

A corporate-funded study says that Oregon has the fifth lowest "total effective business tax rate" in the country, a ranking that takes into account the tax increases put in place by Measures 66 and 67.

The study conducted by the accounting firm Ernst & Young on behalf of the Council On State Taxation (COST) said that the total state and local taxes paid by Oregon businesses amounted to 3.8 percent of Oregon's private sector economy in fiscal year 2010.

Businesses in only four other states -- Connecticut, Delaware, Maryland and North Carolina -- contributed a lower share in state and local taxes relative to the size of the state's private sector economy, according to the COST study.

Read the news release Corporate Funded Study Says Oregon Has Nation's Fifth Lowest Business Taxes. Click here for a PDF copy.