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Office Closure: Beginning July 2, the Delap office will close for an interior remodel. The remodel project has been in the works for months and will include an updated reception area as well as new and improved conference rooms. The project is scheduled to last a few months, with the office anticipated to reopen sometime around the holidays. We will continue to assist our clients with their accounting and advisory needs during the remodel, and we appreciate your patience and understanding during this renovation process.
The 2020 Oregon legislative session is underway. There are a few bills that have been introduced that, if they pass both the House and Senate and become law, would make changes to the Oregon Corporate Activity Tax (CAT).
HB 4009 – Proposes the following fixes and changes:
HB 4138 – Would exempt prescription drugs from the CAT
HB 4154 – Would exempt receipts from the sale of agricultural, floricultural, horticultural, viticultural, or food products. This is a one-line exemption and does not define the terms and if passed would require rules to define the terms.
Stay tuned to our Corporate Activity Tax Blog for more updates as the Oregon legislative session unfolds. We are currently monitoring these and any new bills that may arise during this session.