Oregon ~ Corporate Income Tax: Single-Sales Factor Apportionment Guaranteed for Certain Investments

Oregon has enacted legislation guaranteeing the application of the single-sales factor method of apportioning income for the purposes of the corporation excise (income) tax to taxpayers who enter into a qualifying investment contract. The legislation authorizes the governor, in consultation with the Director of the Oregon Business Development Department and the Director of the Department of Revenue, to enter into contracts with taxpayers that guarantee single-sales factor apportionment of income for a term of at least five years but not more than 30. The contracts will require a taxpayer to make a capital investment in excess of $150 million within a five-year period, measured from the beginning of the term of the investment contract, and to engage at least 500 new full-time-equivalent employees. A contract may not be entered into before December 14, 2012, or after January 1, 2014.

H.B. 4200a , 2012 Special Session, Laws 2012, effective March 15, 2013

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Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

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