Feedback sought on new corp. tax

The Oregon Department of Revenue (DOR) will seek input about the administrative rules for the state’s new Corporate Activity Tax from business taxpayers and tax preparers in a meeting in Salem Oct. 4.

Salem area business taxpayers and tax preparers are invited to discuss the rules 7:30 to 9 a.m., Friday, Oct. 4, in the Oregon Employment Department auditorium, 875 Union Street in Salem.

The Corporate Activity Tax imposes a $250 tax on the first $1 million of gross receipts after subtractions and 0.57 percent tax on gross receipts greater than $1 million after subtractions, beginning January 1. It is expected to generate $1 billion a year to boost funding for public schools.