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3/27 Legislative Update

March 27, 2020 1:00 PM | Mary Ann Gray (Administrator)

The Joint Special Committee on Coronavirus Response last night published their recommendations for items to be considered during a special session.  While the document is eleven pages long, you will see they left many of the items on the larger list off of their recommendation.  Please review the document and let us know of any concerns you may see.  You should also know that the business industry in general is continuing to push for a delay in the CAT tax.   

Special Session continues to look like it will be next week but timing of that is still unknown.  There is a high likelihood that the public will not be allowed in the building during this time, with hearings being done virtually/online.  While things are subject to change (which they seem to daily) we still believe we will have a series of Special Sessions throughout this interim.  The focus of this first special session should be directed to coronavirus issues only.  Subsequent sessions are when we may see some broader types of issues addressed.  As a reminder,  our next Revenue Forecast is not until May 20th, and no one has a good idea of where our budget is at or how long it will take to recover. 

The Governor also announced yesterday that Oregon will be delaying our tax filing deadline until July 15th.  Here is a break out from the Department of Revenue's news release:

For personal income taxpayers:

• The Oregon return filing due date for tax year 2019 is automatically extended from April 15, 2020 to July 15, 2020.
• The Oregon tax payment deadline for payments due with the 2019 tax year return is automatically extended to July 15, 2020.
• Estimated tax payments for tax year 2020 are not extended.
• The tax year 2019 six-month extension to file, if requested, continues to extend only the filing deadline until October 15, 2020.
• Taxpayers do not need to file any additional forms or call us to qualify for this automatic Oregon tax filing and payment extension.
• If you have questions about your personal income tax, contact
questions.dor@oregon.gov.

For corporate income/excise taxpayers:
• The Oregon return filing due date for tax year 2019 is automatically extended from May 15, 2020 until July 15, 2020. Returns due after May 15, 2020 are not extended at this time.
• The Oregon tax payment deadline for payments due with the 2019 return by May 15, 2020 is automatically extended to July 15, 2020. Payments for returns due after May 15, 2020 are not extended at this time.
• Estimated tax payments for tax year 2020 are not extended.

• Taxpayers do not need to file any additional forms or call us to qualify for this automatic Oregon tax filing and payment extension. 

 

As always, please don't hesitate to reach out with questions

 

Matt Markee

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