Small-business owners have one less worry as they start repairing the state’s economy
SALEM, Ore., July 28, 2021—NFIB, Oregon’s largest and leading small-business association, today extends its gratitude to Gov. Kate Brown for signing House Bill 3389 into law.
“Oregon’s small businesses urgently needed this legislation,” said Anthony Smith, NFIB Oregon state director, about the new law, which provides substantial relief for employers facing astronomical increases in their unemployment insurance taxes. “With the state now open for businesses again, HB 3389 will aid in the state’s economic recovery from the crippling consequences of the COVID-19 pandemic by allowing employers to invest in their business operations, their employees, and their communities. Its significance cannot be overstated,”
In a Key Vote letter sent to the Oregon Legislative Assembly, NFIB told lawmakers, “HB 3389 will provide Oregon employers with much needed relief, holding businesses as harmless as possible for pandemic-related layoffs, while at the same time providing partial deferral and forgiveness for 2021 tax increases to address near-term costs, and keeping Oregon in a lower overall tax schedule over the next decade to address long-term costs. The Employment Department estimates that HB 3389 will save Oregon employers $2.4 billion through 2029.”
NFIB also thanks Senate President Peter Courtney, House Speaker Tina Kotek, Senate Republican Leader Fred Girod, and House Republican Leader Christine Drazan for making HB 3389 a bipartisan priority during the 2021 legislative session. Special thanks as well to the bill’s chief sponsors, Senators Chuck Riley and Bill Hansell and Representatives Paul Holvey, Daniel Bonham, and John Lively for working with Oregon Employment Department Director David Gerstenfeld and the business community to craft this important legislation.
Keep up with the latest Oregon small-business news at www.nfib.com/oregon and follow us on Twitter at @NFIB_OR
For 78 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since its founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.
National Federation of Independent Business/Oregon
3340 Commercial St. S.E. Suite 210
Salem, OR 97302