ANNOUNCEMENT 01 Jan 2013In January 2013, a US state government announced a change in export taxation.
NUMBER OF INTERVENTIONS
In November, 2013 the Oregon Legislature approved House Bill 3601, making significant personal and corporate tax changes. One provision in the bill created an Oregon Interest Charge Domestic International Sales Corporation (IC-DISC) tax regime. IC-DISC (pronounced "icy disc") stands for interest charge domestic international sales corporation, and provides lower taxes for exporters. The following new rules applied to tax years beginning on or after January 1, 2013: