In our April 25, 2019 Legal Update, we discussed the key points of Oregon’s proposed gross receipts tax. On May 1, 2019, the Oregon House of Representatives passed an amended version of the bill. As described in our prior Legal Update, the proposed tax is in addition to existing business income and excise taxes. The bill passed on a party-line vote, with no Democrats voting against the bill and no Republicans voting for the bill. We expect it to pass the Oregon Senate, likely on a similar party-line vote.
The key differences in the tax provisions of the bill compared to the version described in our prior Legal Update are:
If you would like to know more about the proposed tax, how it might affect your business, or options to plan for it, please contact one of our Oregon tax partners: John Gadon (503.778.2130) or Eric Kodesch (503.778.2107).
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