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- Tax Benefits — Oregon College Savings Plan

 

The new relief plan provided by House Bill expands ongoing efforts to help employers subject to UI tax that have been affected by the pandemic. For UI tax year , this plan allows eligible employers to defer one-third of their UI tax liability until June 30, , and avoid any associated interest and penalties. Employers must meet all of the following conditions to be eligible for UI tax deferral and forgiveness:. Your tax rates may fluctuate during the — period due to tax schedule changes; however, the rate will be based on your experience rate prior to the pandemic.

Participation in the deferral portion of this relief plan could negatively affect your Federal Unemployment Tax credit, for additional information please contact your payroll tax advisor or visit Instructions for Form Internal Revenue Service irs. This relief only applies to Oregon UI payroll taxes.

Eligible employers will be automatically enrolled. There is no application for this relief plan. The Oregon Employment Department will contact employers throughout the UI tax year with updates on eligibility status or requirements. Frequently Asked Questions.

 

More than , lower-income Oregon households to receive $ payments - OPB - FORMS AND PUBLICATIONS

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