[Revenews] New draft rule for CAT available on Revenue website

[GILLE Benjamin P-Jr * DOR]

The Oregon Department of Revenue has posted a new draft administrative rule for the Corporate Activity Tax (CAT) on the CAT page of the department's website<https://www.oregon.gov/DOR/Pages/index.aspx>, giving stakeholders early access to the rule.
Rule 150-317-1220 covers employee compensation and the labor cost subtraction. Stakeholders can send comments or questions about the rule to catrules.dor at oregon.gov<mailto:catrules.dor at oregon.gov>. The rule will be filed with the Secretary of State and become effective March 1.



Registration update
More than 6,200 businesses have registered for the CAT. During the 2019 session, the Legislative Revenue Office predicted approximately 40,000 businesses would have to pay taxes under the CAT, which went into effect Jan. 1.
Once they reach $750,000 in commercial activity for the year, business entities must register for the CAT within 30 days. Businesses that passed the $750,000 threshold in late January will need to register with the department by the end of February.
To register, individuals doing business in Oregon will need their name, and their social security number or individual taxpayer identification number. Businesses will need their entity's legal name and federal employer identification number.
Businesses and individuals will need:

  *   Their mailing address;
  *   The date they exceeded or expect to exceed $750,000 in Oregon commercial activity;
  *   A valid email address or current Revenue Online login, and;
  *   Their Business Activity Code (Refer to the current list of North American Industry Classification System codes found with their federal income tax return instructions.)
Taxpayers don't need a Revenue Online account to register for the CAT. Those who have Revenue Online accounts can't be logged in to register for the CAT. Instead, they should go directly to the CAT webpage and click on the "Register for the CAT" link on the right-hand side of the page.

Automated payments
The ability to make online payments and apply for ACH credit are now also available through Revenue Online.
CAT registrants who want to make ACH payments must submit an ACH credit application for the Corporate Activity Tax (CAT). The application is available on the department's website<https://www.oregon.gov/DOR/Pages/index.aspx> through Revenue Online by scrolling down to "Tools" and clicking "apply for ACH credit."
Once their application is completed, taxpayers will receive a confirmation providing the routing and account number. Taxpayers should not use account numbers from other tax programs. First quarter estimated payments for the CAT are due April 30.

CAT meetings planned in 13 cities
The Oregon Department of Revenue (DOR) will host a series of meetings across the state in March to provide information to business taxpayers and tax professionals about the administrative rules for Oregon's new Corporate Activity Tax (CAT).
Meetings are planned in Bend, Ontario, La Grande, The Dalles, Klamath Falls, Ashland, Eugene, Gresham, Coos Bay, Lincoln City, Seaside, Keizer and the west side of the Portland metro area. The full schedule<https://www.oregon.gov/DOR/programs/businesses/Documents/MarchEducationTourSchedule.pdf> is available on the CAT page of the agency's website.
Follow @ORrevenue<https://twitter.com/ORrevenue> on Twitter.

Note to subscribers: The process of sending emails to the subscriber list may mean that at times not all subscribers will receive the updates on the same day. We apologize for any inconvenience and are actively working on a solution.

Thank you,

Corporate Activity Tax Policy Team
Oregon Department of Revenue
cat.help.dor at Oregon.gov<mailto:cat.help.dor at Oregon.gov>

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