Do you do business in Oregon? Do you know about the Corporate Activity Tax (CAT)? The CAT is applicable to tax years beginning January 1, 2020.
“The CAT is applied to Oregon taxable commercial activity in excess of $1 million. The tax is computed as $250 plus 0.57% of Oregon commercial activity of more than $1 million. Only taxpayers with more than $1 million of taxable Oregon commercial activity will have a payment obligation.”
Find more information at: https://www.oregon.gov/DOR/programs/businesses/Pages/corporate-activity-tax.aspx