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Oregon Legislature Considering Changing Tax Laws


A bill that's sailing through Salem could mean tax savings to you. State Senator Chris Telfer says a bill is on a fast track right now that would re-connect Oregon tax rules with the federal rules. The Bill passed in the Senate Thursday and is retro-active to 2010: "What we have done is reconnected. So they are the same laws. So what happens to those people trying to file their tax returns right now? The Department of Revenue has essentially said: ‘Well, we'll let them file as if the law was actually in effect.’” Telfer suggests that you talk to your tax professional to get specific advice.

 

 

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