Department of Revenue seeks input on administrative rules for new Corporate Activity Tax



Department of Revenue seeks input on administrative rules for new Corporate Activity Tax

The Portland Business Alliance invites businesses across the region to join representatives from the Oregon Department of Revenue to discuss the administrative rules for the state’s new Corporate Activity Tax (CAT).

Traveling across Oregon, rule writers are sitting down to hear the concerns, questions and suggestions of those affected by the rules.

Please join revenue representatives at their next meeting on Thursday, Oct. 3, from 5:30 to 7:00 p.m. in Room 1B of the Portland State Office Building, 800 NE Oregon St., Portland, OR.

About the Corporate Activity Tax
 
House Bill 3427 created Oregon’s Corporate Activity Tax and grants DOR the responsibility of writing the bill’s administrative rules.

The Corporate Activity Tax imposes a $250 tax on the first $1 million of gross receipts after subtractions and 0.57% tax on gross receipts greater than $1 million after subtractions, beginning January 1. It is expected to generate $1 billion a year to boost funding for public schools.

You can find more information about the Corporate Activity Tax, including a list of frequently asked questions, and sign up for email notifications about the CAT on the Department of Revenue website.

Why These Meetings are Important

Department representatives will ensure two-way conversations throughout the meeting and do their best to answer questions from attendees. They’ll also seek input from attendees to help guide the rule-making process. Issues expected to be discussed at the meetings 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 commercial activity is defined.
  • Exemptions for charitable organizations.
  • Exclusions for groceries, subcontractors, wholesalers, and others.
  • What counts toward the 35% subtraction.
  • How estimated payments will be calculated.
  • When estimated payments are due.

If you’re unable to attend, but want to provide input, email questions or comments to cat.help.dor@Oregon.gov.