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Upcoming Action Dates for Oregon’s Pass-Through Entity Elective Tax

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Tax Advisory: Oregon

In July 2021, Oregon established an elective Pass-Through Entity Tax (PTE-E), a business alternative income tax in response to the $10,000 cap on the federal State and Local Tax (SALT) deduction added in the 2017 federal Tax Cuts and Jobs Act. Read more about Oregon’s elective Pass-Through Entity Tax on our blog or at the State of Oregon website

Here are the upcoming relevant dates to be aware of:

DATEREQUIRED ACTION
June 6PTE-E information will be released on the Oregon Revenue Online system and paper voucher available (OR-21-V)
June 15First estimated payment due (First 50%)
September 15Third quarter estimated payment due (additional 25%)
December 31According to IRS Notice 2020-75, in order for tax to be deductible in 2022 tax return, payment must be made by end of the year.
January 15Final estimated payment due (Final 25%)
March 15PTE-E Election required on timely filed return (unless extended)
April 15PTE-E Form Due (separate form required; currently pending release)

Important Reminders:

  • It’s not too late to talk with your CPA about whether the PTE-E tax is a good fit for you. Your CPA can help guide you along the specific steps you need to take.
  • Remember that registering for a PTE-E account on Oregon’s Revenue Online website is not the same thing as making the election.
  • It is possible to register for a PTE-E account and make estimated tax payments, and then decide not to make the election after all. In this case, a refund request can be submitted.
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