Posted on May 15th, 2017 at 2:03 pm.
Right now in Salem, lawmakers are drafting a statewide transportation funding package that aims to raise over $8 billion. As we reported last week, one small piece of that new revenue — an estimated $2 million a year — would come from a 5 percent tax on the purchase of new bicycles.
The tax would add $35 to the average price of a new bike purchased at a bike shop. It would be an unprecented step for Oregon and the only tax of its kind in America.
Not surprisingly, bike shop owners throughout Oregon are very concerned.[Read more…]