Oregon: Voters approve new homeless tax on businesses and individuals

Listen to a brief overview of state tax developments this week, including Oregon, or read full Oregon development below.

Detailed Oregon Development

Voters in the Portland, Oregon metro area (Washington, Clackamas, and Multnomah counties) recently approved a ballot measure that adopts a new tax to fund homeless services. Per the measure, a new one percent tax will be imposed on married individuals with income over $200,000 (over $125,000 for single filers).  The income tax applies to resident income, and to non-resident income earned from sources within the metro area.  The new one percent business profits tax is imposed on businesses with gross receipts over $5 million.  There are few details on the tax in the ballot measure, but it is expected to raise over $2.5 million over the next ten years. The tax will be collected beginning in 2021, and it sunsets after a decade unless extended by voters.  Please contact Vinh Tran at 503-820-6803 with questions on the measure. 

This Week's Developments

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Featured Speaker

Sarah McGahan

Sarah McGahan

Managing Director, State & Local Tax, KPMG US