![]() Income Tax Withholding: For 2021, income tax withholding for both the Metro and Multnomah County personal income taxes is voluntary.Thus, both new personal income taxes look to the Oregon personal income tax. The Metro personal income tax provisions are construed in conformity with Oregon personal income tax laws and rules. Personal Income Taxes Conform to the Oregon Personal Income Tax: Multnomah County generally conformed its personal income tax to the Metro personal income tax.The Metro Code adopts similar (i) definitions of net income, business activity, and nonbusiness income, and similar apportionment and allocation rules (ii) a broad presumption of what constitutes “doing business ” (iii) a 14‑day or less trade-show exemption (iv) deduction disallowances and (v) net operating loss rules. The Metro business income tax generally conforms to this tax. Metro Business Income Tax Conforms to the Multnomah County Business Income Tax: Multnomah County has a long-standing business income tax.Key Takeaways From the New Metro and Multnomah County Ordinances Multnomah County already imposes a business income tax. The base tax rate is scheduled to increase to 2.3 percent and the top marginal rate to 3.8 percent starting in 2026. Taxable income exceeding $250,000 (single filers) and $400,000 (joint filers) is taxed at three percent. ![]() The tax rate is 1.5 percent on taxable income above $125,000 up to $250,000 for single filers and above $200,000 up to $400,000 for joint filers.
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