Tax News
Businesses have until Jan. 1, 2014, to comply with previous guidance on the proper treatment of tips and service charges, the Internal Revenue Service said Dec. 13 in Announcement 2012-50. IRS issued guidance June 20 that included a series of questions and answers laying out the characteristics to use in determining whether payments are tips or service charges.
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In the upcoming General Election this November, Oregon voters will have the opportunity to vote on Measure 85, a constitutional amendment that proposes to allocate the corporate income/excise tax “kicker” refund to kindergarten through 12th grade public education in our state. The underlying question is will this measure help solve our school funding crisis? And if the answer is no, which many believe is true, how can we create stable funding for schools?
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In April 2011, the group that was pushing to get the soda tax on the November ballot announced that they would no longer be pursuing getting the tax on this year's ballot. While this is a positive development for Oregon businesses, the topic of a soda tax or a corn syrup tax will likely pop up again either in the Legislature or Multnomah County. Typically, ORLA opposes industry specific or specific product sales taxes that could impact the cost of food and beverage prices as the economy tries to improve.
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Eugene City Council soundly rejected a proposed five percent restaurant tax after hearing opposition from five local restaurant owners and an ORLA representative. Additionally, a few private citizens who recognized the unfairness and hardships that such a measure would impose also provided testimony at the January 11, 2011 meeting.
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