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Highlights of the “No Tax on Overtime” Provision of the OBBBA

New deduction - - Effective for 2025 (retroactive to January 1, 2025) through 2028, a deduction is allowed for qualified overtime compensation received during the taxable year...more

Newly Enacted Legislation Makes Significant Tax Changes

On July 4, 2025, President Trump signed ”An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14” (formerly known as the “One Big Beautiful Bill Act”) (the Act), comprehensive tax reform legislation that...more

Oregon Enacts New Corporate Activities Tax

On May 16, 2019, Oregon Governor Kate Brown signed into law HB 3427 (the Bill), which creates a new Corporate Activities Tax. The tax is a gross receipts tax that will be used to establish the “Fund for Student Success,”...more

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