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Resources :: Government
Oregon
Oregon State TaxesOverviewThe most prominent feature of Oregon's tax structure is the lack of a sales tax. Because the State of Oregon does not collect sales tax, the majority of the State's revenue is derived through personal income tax, corporate excise taxs and a state lottery. Fuel taxes go to a dedicated highway fund. Local governments rely mostly on property taxes.
Corporate Income TaxThe excise tax rate is a non-discriminatory tax on the right to do business in Oregon. The excise tax rate is 6.6 percent of net income. Excise tax is imposed to corporations that are "doing business" or authorized to do business in Oregon. "Doing business" is defined as having sales activity and one or more of the following in Oregon:
Excise tax is also imposed on corporations deriving income from "sources in Oregon," but not actually located or "doing business" here. Income from an Oregon source is derived from:
Oregon follows the Uniform division of Income Tax Purposes Act in apportioning net income for corporations operating in more than one state. For more information contact:
The Oregon Department of Revenue
Personal Income TaxOregon has adopted, with minor modifications, the federal definition of taxable income. The tax rate schedule below applies to salaried workers, sole proprietors and partners who are residents of the State of Oregon. Both non-residents and part-year residents are taxed at the same rate on income attributable to Oregon sources. For more information contact:
Oregon Department of Revenue
Unemployment Insurance TaxThe tax is based on employee wages. New employers are assigned a fixed rate of 3.1 percent for the first $26,000 of wages paid to each individual. Tax rates range from 1.2 percent to 5.4 percent and are based on the employer's experience. Taxes are paid quarterly and are due by the end of the month following the quarter. Employers must register with the Employment Division by completing and submitting a copy of the Combined Employer's Registration Report. For more information please contact:
Oregon Employment Division
Worker's CompensationOregon remains the first state in the country to experience ten consecutive annual reductions in workers' compensation insurance rates. From 1990 to 2004 the total drop in rates was 57.4 percent, with resulting savings to employers of $8.8 billion. For 2003/2004, Oregon's premiums continue to stay flat or to decline slightly, even as neighboring states to the north and south experience substantial increases.
Oregon Department of Consumer and Business Services
Washington State TaxesOverviewWashington States' total tax burden ranks fifth lowest among the thirteen western states. Some of the features of the Washington State tax system include:
Property TaxProperty taxes have state and local tax components. Rates vary by location and taxes are based on the assessed value of property. Some categories of property exempt from property tax include business inventories; intangibles, such as currency, bank deposits, stocks and bonds; household goods and personal items; and certain agricultural, timber, mineral or metallic products manufactured in other states to be transported out of Washington State.
Unemployment InsuranceUmemployment premium rates are based on the company's or industry's actual experience with unemployment. The lowest rates are assisgned to businesses with the lowest unemployment costs. New employers enrolling in the state's unemployment insurance program are initially assigned the average experience rates for their industry. Experience ratings are received after three years. For more information please contact:
phone: 1-800-647-7706
Workers' CompensationWashington is the only state with Workers' Compensation tax rates based on the hours worked. Workers' compensation is not paid for hours the worker is off the job, including sick leave, vacation, holidays, and leaves of absence. For more information please contact:
phone: 1-800-547-8367 Retail Sales and Use TaxThe state sales tax is 6.5%. Local governments may also levy the sales tax, adding 0.5 to 1.7% to the base rate. In addition to most tangible products, the follwoing services are subject to retail sales tax: cleaning, repairing, altering or improving real property, and landscaping. Manfucturers, high-tech firms, warehousing and distribution firms locating or expanding in distressed areas may qualify for a Sales and Use Tax Exemption.
Washington Department of Revenue
Business and Occupation TaxWashington State's principal business tax is the Business and Occupation (B&O) Tax. Unlike many other states that tax based on profitability, the B&O tax is imposed on gross receipts. Virtually all businesses are subject to B&O tax, including corporations, partnerships, sole proprietors, and nonprofit corporations. The only major exempt activities are farming and the sale or rental or real estate.
Washington Department of Revenue
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