Portland
Portland passes Downtown Business Incentive Program
Portland’s central city has witnessed a substantial exodus of businesses since 2019, with many relocating to nearby counties. The official vacancy rate for office spaces in the central business district stands at approximately 26%, though it is anticipated to be significantly higher and expected to continue rising. Among the primary obstacles cited by departing businesses…
Read MoreOregon taxpayers to receive record $5.6 billion kicker tax rebate
Oregon taxpayers can anticipate receiving an unprecedented kicker tax rebate of $5.6 billion, based on the near-final forecasts released on Wednesday. This rebate works out to the median taxpayer receiving approximately $980, nearly three times larger than the previous kicker. This substantial payout underscores Oregon’s economic resilience following the pandemic, along with the underestimated strength…
Read MoreNew Portland Tax Alignment for City, County, and Metro Approved
The Portland City Council recently voted to simplify the sales factor apportionment for businesses in the area. These approved changes would allow Portland, Multnomah County, and Metro taxing authorities to use the state’s sales factor apportionment starting on or after January 1, 2023. The update aims to reduce the differences between jurisdictions and enables them…
Read MoreMultnomah County Preschool Tax Q&A
Personal Income Tax Questions & Answers What are the income thresholds for taxation? Single filers – all Oregon taxable income over $125,000 is taxed at a 1.5% rate. All income above $250,000 is taxed at a 3% rate. In 2026, the rate increases by 0.8%. Joint filers – all Oregon taxable income over $200,000…
Read MoreMultnomah County Voters Reject Metro Payroll Tax; Approve Universal Preschool Measure
Portland-area voters rejected the Metro Council’s payroll tax on employers (Measure 26-218). The measure failed by a 57% to 43% margin. Conversely, Multnomah Country approved the Preschool for All Program (Measure 26-214). The measure passed convincingly, earning just over 64% approval. Metro Payroll Tax The proposed payroll tax would have levied a tax up to…
Read MoreKBF Adds Debbie Spyker to its Employment Tax Services Practice
Please join us in welcoming Debbie Spyker to KBF. Debbie is joining KBF as an Employment Tax Services Consultant where she will focus on growing and developing our Employment Tax Services practice. Debbie is a firmwide resource and will assist clients in all of the markets KBF serves. Debbie was previously a Managing Director at…
Read MoreMultnomah County Reviewing Two Tuition-Free Preschool Measures for November Ballot – Both Seek to Tax High-Earners
Multnomah County has two tuition-free preschool measures that may go to the ballot this November. The first campaign, Universal Preschool Now, has received enough signatures to be considered by the Multnomah County Board of Commissioners. This campaign has been developed by an independent task-force group. The other campaign, Preschool For All, is developed by a…
Read MoreKBF’s Portland Office Adds Jake Hoesly to its CTS Practice and Rob Buchan to its Accounting, Audit, and Advisory Practice
Please join us in welcoming Jake Hoesly to KBF. Jake is joining our Portland Office, where he will be focused on further growing and developing our Corporate Tax Services practice. Jake has an extensive background in public accounting with both public and privately held companies across a variety of industries, including SaaS, media…
Read MoreAdditional Payroll Taxes Looming for Portland Metro Area Businesses
The Metro Council has recently outlined its plan to raise the necessary funds for the $7 billion “Get Moving 2020” transportation initiative that will be voted on this November. An overwhelming majority of council members support an increase in payroll taxes on employers in the metro area. Although the plan is not final, it is…
Read MoreWashington, Clackamas, and Multnomah Counties Pass 1% Tax on High-Wealth Individuals and Large Businesses to Fund Housing to Reduce Homelessness
On May 19, 2020, voters in Washington, Clackamas, and Multnomah counties approved Measure 26-210, which funds services, including health care, case management, job training, and rent assistance, for people experiencing or facing homelessness. These services will be funded by a marginal 1% tax on households (both residents and nonresidents earning income within the district) with…
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