Tax Deductible Info

The Rental Housing Alliance Oregon is a 501(c)(6) corporation. As such, we are allowed to lobby to influence legislation. A portion of the annual dues are utilized for lobbying activities on behalf of our members. Your membership dues payments may be tax deductible as a necessary trade or business expense. The portion of your dues utilized for lobbying activities is not deductible. Dues paid to the Rental Housing Alliance Oregon are not deductible as a charitable contribution but may be deductible as a business expense; however, the RHA Oregon estimates that 15.87% of the dues payment is not deductible as a business expense because of RHA Oregon’s lobbying activities on behalf of its members. The figure shown above represents the portion of your 2020 dues utilized for lobbying activities at both the state and local level.

Please consult with your tax advisor regarding the proper treatment of your dues for income tax purposes.

FIND EVICTIONS FIND EVICTIONS STRESSFUL?STRESSFUL?

Full FED Service First Appearances Small Claims

503-‐242-‐2312

evict@landlord-‐solutions.com

Portland Metro Challenges Cont.

CONTINUED FROM PAGE 5

order and squeezing the surviving restaurants and bars bottom lines, not to say anything about increasing the unemployment statistics.

As you can see from the four-county dashboard of cases (focusing on Oregon’s counties that make up the Portland Metro area), Covid Cases are hitting a winter high and as a result, the state legislature passed several bills in a special session on December 21st. Chief among them is Senate Bill 5731 and House Bill 4401 which provide for an $800 million relief package for Oregonians impacted by the pandemic and this summers’ wildfires. The bills include a six-month extension of the residential eviction moratorium that will now stretch until the end of June, $50 million in rental relief, and $150 million to pay landlords up to 80% of what they are owed by struggling renters. Landlords who accept the assistance will have to forgive the other 20%, at least for now. The restaurant industry also received a boost with the passage of SB 1801 which will allow restaurants to start selling cocktails and single servings of wine to go.

In the near term, COVID -19 is here to stay until the country is immunized. The direct impact is a slowdown of the national and regional economy, but the silver lining is that businesses are retooling and finding other ways to continue operating in Portland, the region, and the world. Below are several links to relevant articles on this subject. •https://www.bain.com/insights/the-great-retooling-fm-blog/ •https://www.bizjournals.com/portland/news/2020/10/30/covid-manufacturing.html •https://www.wweek.com/promotions/2020/06/16/from-socks-to-reusable-face-masks-a-port