When the bike tax worked its way through the legislature in 2017 as part of the $5.3 billion “Keep Oregon Moving” transportation package, the State’s Legislative Revenue Office estimated it would raise $1.05 million and cost $50,000 per year to administer.
Just as an example, let’s say receipts average $85,000 per quarter — as more shops report and new bicycle types become eligible for the tax mid-June — and administrative overhead decreases to $35,000 per quarter as the agency smooths out kinks associated with the new tax. That would leave us with around $332,000 in gross receipts (one-third the expected amount) minus $152,000 in administrative costs (three times the expected amount), and $180,000 in net revenue (less than one-fifth the expected amount).
It's a $15 tax on new bicycles
https://bikeportland.org/2018/05/21/oregons-new-bike-tax-has-netted-just-30000-so-far-this-year-281802
Just as an example, let’s say receipts average $85,000 per quarter — as more shops report and new bicycle types become eligible for the tax mid-June — and administrative overhead decreases to $35,000 per quarter as the agency smooths out kinks associated with the new tax. That would leave us with around $332,000 in gross receipts (one-third the expected amount) minus $152,000 in administrative costs (three times the expected amount), and $180,000 in net revenue (less than one-fifth the expected amount).
It's a $15 tax on new bicycles
https://bikeportland.org/2018/05/21/oregons-new-bike-tax-has-netted-just-30000-so-far-this-year-281802
No comments:
Post a Comment