Who qualifies for Oregon's new business tax cut 2013 special session

As part of the"grand bargain,” the Oregon Legislature adopted a new tax cut for some business owners last week during a three-day special session. The complicated new law that will take effect in the 2015 tax year, giving owners of limited liability companies, partnerships and"S corporations” new, lower tax rates. First, the income can’t be"passive,” a tax distinction that aims to differentiate shareholders from owners who are actively employed by their business. In other words, only business owners who work for their business or draw a salary from their business are eligible and shareholders who just get checks don't. Second, the business must have at least one non-investor employee.
www.oregonlive.com/politics/index.ssf/2013/10/find...river

Oregon Republicans Cave On Grand Bargain!

The three day special session ended Wednesday. There is nothing we did this week that couldn't have waited until the February regular session when these issues could have gone through the regular committee process. Why would a state legislator oppose the Governors"Grand Bargain” when my small businesses would save thousands of dollars in taxes from its tax cuts? Is it because Republicans are caving on their principles and joining Democrats in raising taxes on the poor and elderly? Or, is it because it would give a boost to Governor Kitzhaber’s expected re-election campaign? Actually it is neither. It’s because it doesn’t solve the PERS problem that is robbing teachers from classrooms, taking cops and firefighters off the streets and causing criminals to be released, all of which hurts Oregonians. This back room deal only kicks the can down the road. This is especially true when you consider that Democrats and their union bosses are counting on Oregon judges, (enrolled in PERS) throwing out the savings in this deal, leaving the damage to Oregonians continuing into the future.
I fear Republicans will have settled for a few crumbs from the table while allowing Governor Kitzhaber and the Democrats to escape blame for the PERS disaster. So HB3601 passed after Speaker Kotek broke several Dems arms to get the vote to pass the net tax increase bill. 10 Republicans voted in favor of this bill and here are their names. Davis, Esquivel, Gilliam, Huffman, Johnson, McLane, Parrish, Smith, Thompson, and Weidner. Shame On You ALL!! Republicans gave Democrats cover on PERS and raising taxes on the poor and elderly, and nothing will change in the minds of the voters and Republicans will have missed their chance to bring long term change to Oregon’s politics because they stood on their principles. PERS is a long term problem that requires a long term political solution which will only be possible when voters figure out that they must elect judges, legislators and governors who solve the problem for the good of Oregon. Republicans helping pass a"Grand Bargain” will not make that a reality.
oregoncatalyst.com/25037-oppose-grand-bargain.html...alyst)

Why I oppose Kitzhaber's Grand Bargain

The current PERS unfunded liability is likely much higher than the state’s estimate of 14 Billion dollars according to a new report from State Budget Solutions (a think tank) which shows it as high as 75 Billion dollars. When the Federal Reserve stops printing money and the stock market declines, the PERS unfunded liability grows even larger, just like what happened in 2008.
oregoncatalyst.com/25037-oppose-grand-bargain.html...alyst)

'Grand bargain' on shaky ground for (2013 special session)

"The deal got blown up and now the Gov just wants a PERS bill that pits the entire PERS "savings" on just retirees. Failure of leadership on the part of the Gov and his crew....we had the votes on our end to help get more money to schools," wrote Rep. Julie Parrish, R-West Linn on her Facebook page.
www.oregonlive.com/politics/index.ssf/2013/09/pers...rpt-2