PORTLAND, Ore. — The Portland City Council unanimously approved a measure that increases the number of companies eligible for an exemption from the city’s business license tax (“BLT”).
Portland’s business license tax– a 2.6% levy on net income for all companies that operate in the city- made up about a quarter of the city’s $806 million in discretionary general fund spending this year.
The BLT’s current cap of $50,000 in gross receipts annually will increase to $75,000 in 2026 and $100,000 in 2027…