Thursday, July 25, 2019

Oregon Adopts New Corporate Activity Tax That Appears to Impact Property Managers and Housing Providers

Oregon has adopted a business activity tax that will be used to support schools and education initiatives. The tax applies to partnerships, sole proprietors, LLC's, S and C corporations, trusts, estates, and others. The tax takes effect on January 1, 2020.

The tax appears to apply to all rents collected by housing providers.

There are some possible deductions and exclusions. Please consult with your CPA or tax attorney for additional information.
Here's a summary explaining the tax and how to calculate what you will owe.

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