Tax Bulletin July 2012: City of Portland Tax Amnesty & Real Estate Refunds

City of Portland Tax Amnesty & Real Estate Refunds
Action required by key dates in July

By Andrew J. Meyers, CPA & Trina Headley, CPA

Overview
Spring was a busy time for the Portland City Council who passed a “once-in-a-lifetime” amnesty program aimed at bringing businesses into compliance and paying all back taxes owed to the City of Portland and Multnomah County. In addition the Portland Revenue Bureau spent time unsuccessfully defending its position that real estate brokers were subject to the 2.2% income tax. Despite the rain, spring turned out to be a pretty good time to be a Portland taxpayer.

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