Apr 182018
 

The 2017 Oregon Legislature passed House Bill 2017, which included a new statewide transit tax.

Starting July 1, 2018, employers must start withholding the tax in the amount of one-tenth of one percent (0.001) from:

  • Wages of Oregon residents (regardless of where the work is performed)
  • Wages of nonresidents who perform services in Oregon

This tax is not related to Tri-Met, Lane, or other transit taxes in the state of Oregon, which are funded by the employer.  The new transit tax will be funded by employee withholding only.

Oregon requires all employers to collect, remit, report, and reconcile this tax.

If T4P handles your payroll, then this new requirement is covered by your service agreement with us.

Please be ready to answer employee questions on the new tax. One suggestion is to refer them to the official announcement at the Oregon Department of Revenue website.

 Posted by at 08:28

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