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Corvallis Tax Credit

computer-keyboard-300x168CORVALLIS, Ore. – Tax credits could be on the way for some Corvallis companies if they do business online.

The Corvallis-Benton County Economic Development Office is applying to be considered an “electronic commerce zone.” If the application is approved,  businesses in the enterprise zone selling goods online could get state income tax credit.

The office says that this could draw more businesses to Corvallis.

“If they’re investing in the area and they’re hiring in the area, it’s an increase in income tax as well as an increase in property tax, which ultimately provides the services that we all know and love,” said Economic Development Manager Tom Nelson.

The county has three enterprise zones: one in South Corvallis, Hewlett-Packard, and in the Sunset Research Park.