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Monday, 02 March 2020 21:27

NATA Discusses New Oregon Business Taxes during Lunch and Learn

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The Northwest Automotive Trades Association (NATA) on Feb. 19 hosted a Lunch and Learn event at NATA’s office in Portland, OR.

NATA Executive Director Cathi Webb said the Oregon legislature adjourned its 2019 year-end session on June 30, passing hundreds of bills during the tumultuous final two days.

“At the February Lunch and Learn, Nick Shepherd of Irvine & Company helped make sense of it for business owners by providing an overview of important new tax changes, as well as non-tax-related changes, that will likely impact businesses operating in the state,” Webb said.

 

The hot topic during the meeting was the new Corporate Activity Tax (CAT) for Oregon businesses.

 

Shepherd, who also serves as NATA’s CPA, discussed this “unfavorable move” which, effective Jan. 1, allowed Oregon to impose a 0.57% tax on gross sales on all Oregon businesses.

 

“This will really hurt small automotive businesses that are just getting by now, but Nick explained different ways for businesses to handle this additional tax,” Webb said.

Webb said more than 30 members attended and received excellent information that will help them as they run their businesses each day.

 

Monitoring legislative activity is imperative for NATA’s members, and the association takes its responsibility very seriously.


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