The Oregon Department of Revenue is beginning the rulemaking process to implement HB 3427 – the Corporate Activities Tax. As part of this process, they are seeking input from business taxpayers and tax preparers about the Administrative Rules for Oregon’s new tax in a series of public meetings.
At all meetings, Dept. of Revenue representatives will be answering questions and engaging in conversations with attendees. Issues expected to be discussed include:
- Who must register
- When and how businesses register
- Who must file and who must pay the tax
- Annual returns based on calendar year activity
- How corporate activity is defined
- Exemptions for charitable organizations
- Exclusions for groceries, subcontractors, wholesalers, and others
- What counts toward the 35 percent subtraction
- How estimated payments will be calculated
- When estimated payments are due
You can find more information about the Corporate Activity Tax, including a list of frequently asked questions, and sign up for email notifications about CAT on the Department of Revenue website.
Kyle Macadam, the Chamber’s Government Affairs Director will be attending the Thursday, September 19 meeting in Beaverton in order to gather information and relay it to MACC Members. Rulemaking meetings like these are seldom reported on and sparsely attended, but they are open to the public and a great opportunity for affected taxpayers and preparers to contribute to the formation of the official Administrative Rules.
Additional Area Meetings:
Corvallis – Wednesday, September 18, 7 to 8:30 a.m., Old School Event Center, 4455 NE Highway 20.
Beaverton – Thursday, September 19, 5:30 to 7 p.m., City of Beaverton Griffith Building Room 150, 4755 SW Griffith Drive.
Portland – Thursday, October 3, 5:30 to 7 p.m., Portland State Office Building Room 1B, 800 NE Oregon Street
Salem – Friday, October 4, 7:30 to 9 a.m., Oregon Employment Department Auditorium, 875 Union Street
Please contact the Chamber office if we can be of assistance to you.
Learn more at: https://olis.leg.state.or.us/liz/2019I1