Department of Revenue Inquiry
Department of Revenue seeks input on administrative rules for new Corporate Activity Tax
The Medford and Grants Pass chambers of commerce invite businesses in southern Oregon to join representatives from the Oregon Department of Revenue to discuss the administrative rules for the state’s new Corporate Activity Tax.
Traveling across Oregon, rule writers are sitting down to hear the concerns, questions, and suggestions of those affected by the rules.
Revenue representatives will offer southern Oregon business taxpayers and tax preparers two opportunities to discuss the rules:
- Tuesday, September 24, 5:30 to 7 p.m., Higher Education Center, Room 129B, 101 Bartlett Street, in Medford.
- Wednesday, September 25, 7 to 8:30 a.m., Rogue Community College Small Business Development Center, 214 SW 4th St in Grants Pass.
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 0.57 percent tax on gross receipts greater than $1 million, plus a flat $250 tax, beginning January 1, 2020. It’s expected to generate $1 billion per year in funding for public schools.
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 meeting 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 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 the CAT on the Department of Revenue website.
If you’re unable to attend, but want to provide input, email questions or comments to email@example.com.