The Oregon Department of Revenue has filed a notice of proposed rulemaking on the administrative regulations for the corporate activity tax (C.A.T.). The hearing is the second of two anticipated regulatory filings for the C.A.T. (click here for the earlier filing) and will be held on June 23 via teleconference due to the novel coronavirus pandemic.
The notice includes rules addressing the following subject areas:
There remain additional rules the Department is anticipated to release, including guidance for special apportionment methods of specific industries. Presumably, those rules will be released later. You can view these rules and additional information on the Department’s website here.