State & Local Tax
Oregon State Tax Updates
Here are the latest news and updates on Oregon state and local tax. New Pass-Through Business Alternative Income Tax Signed by Oregon Governor in July of 2021, S.B 727…
Read MoreMultnomah County Preschool Tax Q&A
Personal Income Tax Questions & Answers What are the income thresholds for taxation? Single filers – all Oregon taxable income over $125,000 is taxed at a 1.5% rate. All…
Read MoreSan Francisco Voters Approve Increase in Gross Receipts Tax and New Tax on CEO Pay
On November 3, 2020, San Francisco voters approved two new tax measures impacting corporate taxpayers. Both measures were passed by voters with overwhelming majorities. Proposition F, or the Business-Tax Overhaul,…
Read MoreMultnomah County Voters Reject Metro Payroll Tax; Approve Universal Preschool Measure
Portland-area voters rejected the Metro Council’s payroll tax on employers (Measure 26-218). The measure failed by a 57% to 43% margin. Conversely, Multnomah Country approved the Preschool for All Program…
Read MoreTemporary California Net Operating Loss Suspension Signed into Law
History California has at times either restricted the ability of individuals and corporations to utilize the full carryover amount of net operating losses (“NOLs”) or completely suspended net operating loss…
Read MoreSeattle’s City Council Passes ‘JumpStart Seattle’ Payroll Tax on Big Businesses – Mayor Returns Bill Unsigned with New Proposals
Seattle’s City Council recently passed a 20-year tiered payroll tax on businesses with payrolls greater than $7 million. Mayor Jenny Durkan returned the bill to the City Council on July…
Read MoreOregon Legislature Makes Changes to Corporate Activity Tax (CAT); Second Payment Deadline on July 31, 2020 Remains for Taxpayers
The Oregon Corporate Activity Tax (CAT) is imposed on taxpayers that have commercial activity of more than $1 million. Although many Oregon taxpayers have asked for significant changes to the CAT…
Read MoreUPDATE: Portland Metro Council Votes to Refer Payroll Tax to November Ballot
On July 16, 2020, the Portland Metro Council unanimously voted to send a $7 billion transportation plan to the November ballot. This tax will impose a payroll tax on employers…
Read MoreAdditional Payroll Taxes Looming for Portland Metro Area Businesses
The Metro Council has recently outlined its plan to raise the necessary funds for the $7 billion “Get Moving 2020” transportation initiative that will be voted on this November. An…
Read MoreWashington, Clackamas, and Multnomah Counties Pass 1% Tax on High-Wealth Individuals and Large Businesses to Fund Housing to Reduce Homelessness
On May 19, 2020, voters in Washington, Clackamas, and Multnomah counties approved Measure 26-210, which funds services, including health care, case management, job training, and rent assistance, for people experiencing…
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