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>> INTERNAL REVENUE SERVICE Latest News

APR 18, 2013 - Washington Business Journal

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Oregon House weighs pariah tax bill

A bill to tax some business transactions could make Oregon a pariah in the wonky world of 1031 exchange investing. House Bill 3433, pending in front of the House Revenue Committee, would place Oregon in rare company among states who tax investors on capital gains even if they reinvest in comparable property, be it rail cars or real estate. Pennsylvania is the only other state that deviates from Internal Revenue Service rules that allow investors to defer capital gains on investments that qualify…

Tags: Oregon House weighs pariah tax bill,  Internal Revenue Service Latest News