Oregon
Oregon Voters to Decide on Additional Corporate Minimum Tax in November
Initiative Petition 2024-17 (IP-17) has qualified for Oregon’s November 5, 2024 General Election ballot; the measure is officially titled Oregon Measure 118, Corporate Tax Revenue Rebate for Residents Initiative (2024).…
Read MorePotential Minimum Tax on Large Oregon Businesses to Fund Rebates
Prospective ballot measure in Oregon (IP-17) would impose a minimum tax of 3% on the gross sales of corporations that have at least $25m in Oregon sales. The new minimum…
Read MoreImportant Updates to Multnomah County’s Preschool for All Income Tax
Multnomah County has adopted amendments to the Preschool for All income tax program aimed to improve tax administration and compliance. Some of these key changes include: Electronic Filing: The County wants…
Read MorePortland passes Downtown Business Incentive Program
Portland’s central city has witnessed a substantial exodus of businesses since 2019, with many relocating to nearby counties. The official vacancy rate for office spaces in the central business district…
Read MoreOregon taxpayers to receive record $5.6 billion kicker tax rebate
Oregon taxpayers can anticipate receiving an unprecedented kicker tax rebate of $5.6 billion, based on the near-final forecasts released on Wednesday. This rebate works out to the median taxpayer receiving…
Read MoreNew Portland Tax Alignment for City, County, and Metro Approved
The Portland City Council recently voted to simplify the sales factor apportionment for businesses in the area. These approved changes would allow Portland, Multnomah County, and Metro taxing authorities to…
Read MoreNew Oregon Pass-Through Entity-Level Business Alternative Income Tax
Senate Bill 727 (SB 727) was introduced as Oregon’s response to the enactment of The Tax Cuts and Jobs Act (TCJA) and the IRS Notice 2020-75. TCJA imposed a limit…
Read MoreCurrent COVID-19 Related Tax Guidance for Oregon, Washington, and California
Working remotely has become the new normal for many employees on the West Coast. Although many employees enjoy the convenience of working remotely, both employees and employers need to consider…
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