Oregon’s tax measure potential boom for Washington

Washington’s next economic development plan may be written by Oregon voters next November.

The plan’s centerpiece is a new gross receipts tax, which would transform Oregon from one of the nation’s lowest business tax burden states to one of the nation’s highest.

IP28 (Initiative Petition) would create a 2.5 percent tax on total sales for companies operating in Oregon. The threshold is $25 million or more each year.

If enacted, it would set a $30,000 annual minimum tax for these corporations and then tack on another 2.5 percent on sales above $25 million.

According to Oregon’s Legislative Reven...