The supportive housing services program is funded by two taxes:
- A 1% marginal personal income tax on taxable income above $125,000 for individuals and $200,000 for those filing jointly, and
- A 1% business income tax on net income for businesses with gross receipts above $5 million.
The taxes took effect starting January 2021, and will expire in 2031. Because these are new taxes, most of the revenue won’t be collected until late spring of 2022.
Metro is partnering with the City of Portland’s Revenue Division which has the experience, technical capacity and staff to collect these taxes. Learn more, and find helpful resources for tax payers, payroll and accounting professionals.