Oregon House Bill 4014 Signed Into Law by Governor Kate Brown

by Larry J. Brant  As reported in my November 2015 blog post, in accordance with Internal Revenue Code (“Code”) Section 280E, taxpayers (for purposes of computing federal taxable income) are prohibited from deducting expenses related to the production, processing or sale of illegal drugs, including marijuana. A Bit of Welcome Relief? Measure 91, officially called the Control, Read the full article…

Recreational Marijuana Tax Begins In Oregon

OREGON: Starting this week, recreational marijuana sales in Oregon will be taxed at 25 percent.   Ever since medical marijuana dispensaries began selling recreational pot on October 1, the sales have been tax-free. The 25 percent tax applies to all recreational sales through the end of 2016. Later this year, the Oregon Liquor Control Commission will start Read the full article…