SALEM — The Oregon Department of Revenue will host a series of meetings across the state in March to provide information to business taxpayers and tax professionals about the administrative rules for Oregon’s new Corporate Activity Tax.
Department representatives used input collected from stakeholders during a 12-stop tour in fall 2019 in prioritizing and writing the rules. March’s meetings will include a presentation and discussion of the initial temporary rules — the last of which will be filed with the Secretary of State on March 1.
“Our CAT team will personally engage our taxpaying communities in March to provide important compliance information. We consistently strive to help taxpayers comply with the law. The CAT team will also solicit feedback on the temporary rules completed to date,” said Nia Ray, director of the Oregon Department of Revenue.
The 13-city tour kicks off in Bend on March 2 on the campus of Central Oregon Community College. Meetings on the east side of the state are set for March 3 in Ontario at Treasure Valley Community College and March 4 in La Grande at Zabel Hall on the campus of Eastern Oregon University. The La Grande meeting is scheduled for 10 a.m. to 11:30 a.m.
Additional meetings are planned in The Dalles, Klamath Falls, Ashland, Eugene, Gresham, Coos Bay, Lincoln City, Seaside, Beaverton and Keizer.
House Bill 3427 created Oregon’s Corporate Activity Tax and granted DOR the responsibility of writing rules to implement it.
The first 12 administrative rules were filed with Secretary of State on Jan. 1. Four additional rules became effective Feb. 1 with another set of rules scheduled to be filed with the Secretary of State on March 1.
All of the rules will be filed as temporary rules with the permanent rule process scheduled to begin April 1. The timing will allow business taxpayers and tax professionals to provide comment on the temporary rules during the upcoming meetings in March, as well as during the public comment period.
The Corporate Activity Tax imposes a 0.57% tax on gross receipts greater than $1 million after subtractions plus $250, beginning Jan. 1. It is expected to generate $1 billion a year to boost funding for public schools.
Those who are unable to attend but want to provide input may email questions or comments to firstname.lastname@example.org. The department is planning a series of conference call meetings for out-of-state taxpayers and Oregon stakeholders who are unable to attend the in-state meetings. Those meetings will be scheduled once the in-state tour is complete.