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There is no minimum threshold for filing the statewide transit tax return. This quarter ends on September 30, 2018, which means your return and payment are due by October 31, 2018. For example, you need to start withholding this tax on July 1, 2018, so the first quarter you'll report and remit for is third quarter 2018. Returns and paymentsĪny tax collected must be held in trust to be remitted and reported to the Department of Revenue on or before the last day of the month following the previous calendar quarter. However, we can't require out-of-state employers to do so, as they're outside Oregon's taxing jurisdiction.Īgricultural employers may file returns and make payments for this tax annually, as they do with their income tax withholding. Oregon residents who perform services outside of Oregon can ask their out-of-state employer to withhold the tax from their wages as a courtesy-similar to income tax withholding. We can assess penalties for knowingly failing to deduct and withhold the tax of $250 per employee, up to $25,000 for each tax period, in addition to other penalties and interest authorized by state law. If you don't withhold this tax appropriately or file and pay on time, you may be subject to penaltiesĪnd interest. Reconciling quarterly or annual reports on the annual reconciliation return.Remitting taxes withheld quarterly or annually.Reporting taxes withheld on a quarterly or annual return.Withholding the tax from employees' wages.Enter "statewide transit" in the search bar. Revenue from the statewide transit tax will go into the Statewide Transportation Improvement Fund to finance investments and improvements in public transportation services, except for those involving light rail.įor more information, see our frequently asked questions. The statewide transit tax is imposed on the wages of each employee, but the employer is responsible for withholding, reporting, and remitting the statewide transit tax. Transit payroll taxes are imposed on the employer based on the amount of payroll.
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This tax isn't related to the Lane or TriMet transit payroll taxes. Self-employment income isn't subject to this tax. The definition of "wages" excludes amounts paid to certain types of employees and independent contractors (ORS 316.162). Employees who aren't subject to regular income tax withholding due to high exemptions, wages below the threshold for income tax withholding, or other factors are subject to statewide transit tax withholding. The statewide transit tax is calculated based on the employee's wages as defined in ORS 316.162.
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