Portland elected leaders are pressing ahead with a proposal to significantly increase a tax break for small businesses as the city looks to spur economic growth and opportunities.
The measure, sponsored by Mayor Keith Wilson and Councilor Eric Zimmerman, would raise the city’s business license tax exemption from $50,000 in gross receipts annually to $75,000 for tax year 2026 and to $100,000 for tax year 2027.
Members of the City Council’s Finance Committee — chaired by Zimmerman — unanimously approved the measure in a 4-0 vote Monday. It will now go before the full 12-member legislative body, where it is expected to pass…