The Oregon Department of Revenue will hold a public meeting in Eugene Wednesday evening to answer questions and gather input on the state’s new Corporate Activity Tax. The tax is the cornerstone of a bill approved by Oregon lawmakers this year to raise $1 billion a year to fund K-12 education. It will be levied on businesses with revenues of more than $1 million a year.
The Department of Revenue is ironing out the details of how the tax will be collected during the run up to its January 1st.
While the new tax won’t change how individual taxpayers file their returns, Revenue spokesman Rich Hoover said it will understandably generate a lot of questions. “This is a completely new bill that has set new criteria for business owners and income levels and that type of stuff, so we have to start from scratch and that’s really why we want to do this statewide tour,” he said.
The Eugene town hall is the sixth in a series of 12 such public meetings being held around the state this fall. The meeting will take place on Wednesday, September 25 from 5:30 to 7 p.m. at the Eugene Public Schools Education Center, 200 North Monroe in Eugene.