Oregon DOR Announces COVID-19 Tax Relief Options for Individual Income, Corporate Activity, Property Taxes

The Oregon Department of Revenue (DOR) March 13 announced COVID-19 tax relief options for individual income tax, corporate activity excise tax (CAT), and property tax purposes. The DOR explained: 1) it will automatically grant a state return extension for individual income taxpayers who file an extension to file with the IRS; 2) if the IRS extends the April 15 due date due to the COVID-19 pandemic, Oregon will automatically comply; 3) the DOR won’t assess underpayment penalties to CAT taxpayers who make a good-faith effort to estimate their first-quarter payments, due April 30; 4) local authorities may request, in writing, ...