Oregon – Exemption for out-of-state financial organizations repealed

October 2013

Overview

Effective January 1, 2014, H.B. 3477 repeals a tax exemption for certain activities of out-of-state financial organizations, including the acquisition or holding of notes secured by Oregon property. Financial organizations engaged in such activities that may be subject to Oregon tax for the first time should develop an understanding of the state’s reporting obligations.

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