Multistate Tax Compact Update - Oregon proposed bill amendments repeal, re-enact portions of the Compact
On May 1, 2013, the Oregon Senate Committee on Finance and Revenue voted to move amended S.B. 307 to the Senate floor with a do pass recommendation. S.B. 307 would repeal all provisions of ORS 305.665, which includes the Multistate Tax Compact, and then re-enact most provisions of the Compact excluding Article III (allowing taxpayers to elect to apportion under the laws of the state or in accordance with Compact provisions) and Article IV (containing the apportionment provisions). The bill would be effective for tax years beginning on or after January 1, 2013.