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State Reminds Businesses Of Corporate Activity Tax


State Reminds Businesses Of Corporate Activity Tax
The Department of Revenue reminds business owners that once they have more than $750,000 in commercial activity in 2021, they have 30 days to complete the one-time registration for Oregon’s Corporate Activity Tax.
Registrations totaled more than 20,000 in the first year of the CAT in 2020. In 2021, more than 5,000 additional businesses have registered for the CAT, which was created by the Legislature in 2019 to raise funding for education. Through May 14, a total of 25,055 businesses have registered for the CAT.
The CAT applies to in-state and out-of-state businesses. It is measured on a business’s commercial activity, the total amount a business realizes from transactions and activity in Oregon. ....

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Jay Bozievich: Stop over-taxing timber industry


With House bills 2379 and 2598, Rep. Paul Holvey is proposing to make housing more expensive by adding taxes to the wood products industry that already pays 50% more in state and local tax burden than other businesses.
It is important to first state that taxes on business are paid for in the price of the products and services they sell. A recent front-page article from The Register-Guard focused on the difficulty of rebuilding from the devastating wildfires as lumber prices are reaching new highs.
A study by Big Four accounting firm Ernst and Young for Oregon Business and Industry released in October shows Oregon is moving from a low-tax state for business to a high-tax state. The study shows the taxes added on business in the 2019 legislative session moved Oregon from No. 40 in business tax burden to No. 19, ahead of most western states. ....

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Pamplin Media Group - District sues McDaniel High School construction firm


District sues McDaniel High School construction firm
April 27 2021
Portland Public Schools is at least the second school district to become embroiled in a fight over Oregon s new Corporate Activity Tax.
Portland Public Schools is diving into a CAT fight.
The school system has become the second district in Oregon to file suit against a construction contractor following a dispute over who foots the bill for the firm s Corporate Activity Tax liability.
In this case, PPS seeks an injunction preventing Fortis Construction from adding $1.2 million in CAT costs to the total tab for modernizing Leodis V. McDaniel High School, which was formerly named after President James Madison. ....

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Pamplin Media Group - Portland Public sues McDaniel High School construction firm


Portland Public sues McDaniel High School construction firm
April 27 2021
Portland Public Schools is at least the second school district to become embroiled in a fight over Oregon s new Corporate Activity Tax.
Portland Public Schools is diving into a CAT fight.
The school system has become the second district in Oregon to file suit against a construction contractor following a dispute over who foots the bill for the firm s Corporate Activity Tax liability.
In this case, PPS seeks an injunction preventing Fortis Construction from adding $1.2 million in CAT costs to the total tab for modernizing Leodis V. McDaniel High School, which was formerly named after President James Madison. ....

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