Oregon DOR Amends Pass-Through Entity Elective Tax Regulation to Conform to Statutory Two-Year Program Extension

The Oregon Department of Revenue Dec. 26 amended a regulation to conform to the statutory two-year program extension for the pass-through entity elective tax (PTE-E), for corporate income and individual income tax purposes. The rule includes measures: 1) amending the rule to reflect the legislative extension of the PTE-E tax program for an additional two years; and 2) clarifying that the program now applies to electing entities whose fiscal year begins on or after Jan. 1, 2022, but before Jan. 1, 2026. The amended regulation takes effect Jan. 1, 2024. [Or. Dep’t of Revenue, Reg. Section 150-314-0522, 12/26/23]

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