In an effort to boost state revenue and address budget deficits, Oregon has introduced new taxation measures that will affect businesses and individuals across the state. As of July 7, 2025, these measures have come into effect, sparking debates and discussions among lawmakers and taxpayers.One of the key changes in taxation is the increase in corporate taxes for large businesses operating in Oregon. The state has raised the corporate tax rate by 2%, affecting companies with annual revenues exceeding $5 million. This move is expected to generate an additional $100 million in revenue annually for the state government.Furthermore, individual taxpayers in Oregon will also see changes in their tax obligations. The state has introduced a new tax bracket for high-income earners, who will now be subject to a higher tax rate of 10% for incomes exceeding $250,000. This is aimed at ensuring a fair distribution of tax burdens among different income groups in the state.Additionally, Oregon has expanded its sales tax to include certain online transactions, in line with the growing trend of e-commerce. This expansion is expected to capture revenue from online retailers who previously operated without paying state sales tax, leveling the playing field for both physical and online businesses.These new taxation measures have received mixed reactions from various stakeholders. Supporters argue that the measures are necessary to address the state's fiscal challenges and provide funding for essential services such as education, healthcare, and infrastructure. On the other hand, critics argue that the increased tax burden will harm businesses and high-income earners, potentially leading to job losses and a slowdown in economic growth.Overall, these new taxation measures represent a significant shift in Oregon's approach to revenue generation and budget management. As the state navigates its fiscal challenges, the impact of these measures on taxpayers and the economy will continue to be closely monitored in the coming months.