Why incorporate in Oregon?
Business Information & Rankings
- Oregon ranked 9th in the nation for high-tech exports. (Cybertstates, 2005)
- Oregon ranked 16th both for the number of companies receiving venture capital and for the total dollar amount of venture capital invested. (Venture Economics, 2004)
- Oregon’s share of state and local revenue from individual income taxes is higher than in any other state. (U.S. Census Bureau, 2003)
Cost of living
For Portland, OR (2005) | Index Score |
---|---|
Composite: | 115.6 |
Housing: | 114.4 |
Utilities: | 118.3 |
Misc. Goods & Services: | 114.7 |
Crime Rate
Oregon has the 43rd lowest overall crime ranking in the U.S. (FBI, 2004)
Fees & Taxes
Business Inventory Tax
Exempt.
Corporate Income Tax
Oregon’s corporate tax structure consists of a flat rate of 6.6% on all corporate income.
Personal Income Tax
Oregon’s personal income tax system consists of three separate brackets with a top rate of 9% starting at an income level of $6,650.
Personal Property Tax
Property subject to taxation includes all privately-owned real property (land, buildings, and fixed machinery and equipment) and personal property used in a business. There is no property tax on household furnishings, personal belongings, automobiles, crops, orchards, or business inventories. Oregon does not tax intangible property such as stocks, bonds, or bank accounts.
State Sales and Use Tax
Base Rate: none
Machinery Rate: none
Unemployment Insurance
Oregon’s new employers’ rate is 3.2% for 3 years.