School District planning how to use new business tax revenue
October 23, 2019
The Sweet Home School District is preparing an application for funding from the Student Success Act passed this year by the Oregon Legislature, a $2 billion tax on gross revenues of more than $1 million per year, to add and boost programs in the district.
The tax takes effect on Jan. 1, Supt. Tom Yahraes told the School Board during its regular meeting on Oct. 14. All of the revenue from the tax is dedicated exclusively to student success.
Under the tax, businesses may subtract up to 35 percent of their commercial activity for the cost of inputs and labor, with exemptions for groceries, u...