Oregon Department of Revenue
Pass-Through Entity Elective Tax Updates
New updates about the Pass-Through Entity Elective (PTE-E) tax are available on the Oregon Department of Revenue website, including additional frequently asked questions, step-by-step examples of how to file PTE-E returns, and schedules that make filing easier and faster.
In July 2021, Oregon established a Pass-Through Entity Elective (PTE-E) Tax, a business alternative income tax in response to the $10,000 cap on the federal State and Local Tax (SALT) deduction included in the 2017 federal Tax Cuts and Jobs Act.
For tax years beginning on or after January 1, 2022, entities taxed as S corporations and partnerships may elect annually to be subject to the PTE-E tax at a rate of 9 percent tax on the first $250,000 of distributive proceeds and 9.9 percent tax on any amount exceeding $250,000.
The department’s latest web updates answer the most common questions from tax preparers, who are starting to file PTE-E returns as the tax filing season begins.
The department provides an Excel spreadsheet that can be used to speed up filing of the OR-21. The data on the spreadsheet will populate to the OR-21-MD and the OR-21-MD-PT forms used in PTE-E tax filing.
The updates were posted this week on the department’s PTE-E web page. For PTE-E questions contact: [email protected].
George Custer lives in Oakridge with his wife Sayre. George is a former smokejumper from his hometown of Cave Junction, a former captain in the U.S. Marine Corps. and ran a construction company in Southern California. George assumed the volunteer duties as the Editor of the Highway 58 Herald in 2022. He loves riding his Harley-Davidson motorcycle, building all things wood, and playing drums on the weekends in his office.
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