Arts Tax: 503-865-4278
Business Taxes: 503-823-5157
111 SW Columbia St, Suite 600, Portland, OR 97201
The City of Portland Revenue Division will hold a public hearing on administrative rules interpreting the Business License Law. The proposed administrative rules relate to the implementation of the recently-enacted Portland Clean Energy Surcharge, which is applicable to Large Retailers with Retail Sales within the City of Portland.
Date: Wednesday, April 3, 2019
Time: 10:30 A.M. to 4:30 P.M.
Place: Columbia Square 8th Floor Conference Room B, 111 SW Columbia Street, Portland, Oregon 97201
Written testimony is encouraged and will be accepted at the hearing and at the Division through 5:00 P.M., Friday, April 5, 2019. Copies of the proposed administrative rules may be obtained by visiting the Portland Clean Energy Initiative page.
The Mayor’s fiscal year 2018-2019 Proposed Budget was released on April 30, 2018. It proposes to amend the Portland Business License Law (Portland City Code Chapter 7.02) by increasing the Owner’s Compensation Deduction to $125,000 per owner (from the current $103,500) and increasing the tax rate to 2.6% (from the current 2.2%). Review the Taxpayer Impact Analysis, and calculate how it may affect your business.
The Mayor’s fiscal year 2018-2019 Proposed Budget was released on April 30, 2018. It proposes to amend the Portland Business License Law (Portland City Code Chapter 7.02) by increasing the Owner’s Compensation Deduction to $125,000 per owner (from the current $103,500) and increasing the tax rate to 2.6% (from the current 2.2%). Calculate how the proposed law changes would impact your City taxes.
Starting with the 2016 tax year, the extended due date of the Oregon Form 20 (Corporate Excise Tax Return) and Form 20-INC (Corporate Income Tax Return) is one month later than the extended due date of the Combined Tax Return. For calendar year 2016 taxpayers, the Oregon extended due date of November 15 is one month after the City/County (Combined Tax Return) October 15 extended due date. This is problematic as the City/County return is based on the figures reported on the Oregon return.
Typically, the Oregon return is finalized at the same time as the federal return (which is due one month earlier), so this discrepancy should not impact many taxpayers. If you are not able to finalize your Oregon return by the extended due date of the Combined Tax Return, you will be granted a grace period for penalty assessments as long as your Combined Tax Return is filed by the Oregon extended due date. If you are assessed a penalty under these circumstances, it will be waived upon request. However, there will be no waiver or reduction of interest due that results from the discrepancy.
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