English to Spanish Bus/Financial Law: Taxation & Customs

OREGON TRANSIT EXCISE TAX : AN EMPLOYER IS REQUIRED TO PAY TRANSIT EXCISE TAXES IF THE EMPLOYER’S BUSINESS IS LOCATED IN THE TRI-MET DISTRICT (CERTAIN ZIP CODES WITHIN MULTNOMAH, WASHINGTON AND CLACKAMAS COUNTIES) OR LANE TRANSIT DISTRICT (CERTAIN ZIP CODES WITHIN THE EUGENE-SPRINGFIELD METRO AREA) IN OREGON. TRANSIT TAXES ARE BASED ON GROSS WAGES PAID TO EMPLOYEES FOR SERVICES PERFORMED INSIDE THE TRANSIT DISTRICTS. THE TRI-MET TRANSIT EXCISE TAX RATE IS CURRENTLY .006218% AND THE LANE TRANSIT EXCISE TAX RATE IS CURRENTLY .006%. CERTAIN BUSINESSES INCLUDING NON-PROFIT CORPORATIONS AND INSURANCE AGENTS, ADJUSTERS AND AGENCIES ARE EXEMPT FROM PAYING TRANSIT EXCISE TAXES