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Tax Insider for March 3
Tax Insider 4 min read

Tax Insider for March 3

Oregon is actively considering one of its biggest tax reforms in decades in repealing the state’s “throwback” rule for apportioning business income, which has long been on the wish list for tax practitioners and business groups.

Top Lines

  • Oregon is actively considering one of its biggest tax reforms in decades in repealing the state’s “throwback” rule for apportioning business income, which has long been on the wish list for tax practitioners and business groups.
  • The legislature is exploring ways to relieve small businesses from the corporate activity tax, but the options for offsetting the revenue loss are limited and will impact many firms.
  • The Senate Finance & Revenue Committee had its first political blowup of the session. The committee’s progressive members refused to support a customary motion to move tax credits to the Joint Committee on Tax Expenditures with a do pass recommendation.

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