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.