The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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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.