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                                                   City of Portland Business License Tax 
                        Multnomah County Business Income Tax 
      Form E-2022 Combined Business Tax Return for Trusts & Estates Instructions 
                                                               
                                                               • Schedule E and statements (if filed) 
General Information 
                                                                 If more than one Schedule E, include all of them 
                                                               • Schedule F and statements (if filed) 
Important Reminders 
                                                                 If more than one Schedule F, include all of them 
Note. Please use form SP-2022 for conservatorships, living     • Schedule D and statements (if filed, including Form 
trusts, and  other revocable trusts that report income and       4797, Form 6252, Form 8824, and Form 8949) 
                                                                 If more than one Schedule D, include all of them 
expenses on an individual Form 1040. 
                                                               • Schedule B and statements (if filed, and related to 
File and  Pay Online and Manage your Business  Tax               your business) 
Accounts at Pro.Portland.Gov.  The Revenue Division’s            If more than one Schedule B, include all of them 
taxpayer portal can be used to manage your business tax        • Schedule OR-ASC  or OR-ASC-NP (if claiming 
accounts. Portland Revenue Online (PRO) allows you to:           Oregon modifications) 
                                                               •
 •    Register your business                                     HVT Schedule, if required (Portland form) 
                                                               •
 •    Update your business account information                   Schedule R, if required (Portland form) 
 •    File a Combined Business Tax Return                      See Business Tax Administrative Rule (BTAR) 200.95-1A 
 •    Make payments                                            Doing Business for an Estate and BTAR 200.95-2A Doing 
 •    Upload supporting tax pages and documents                Business as a Trust for more information. 
 •    View correspondence mailed to you 
 •    Provide Third-Party Access to your preparer              What’s New? 

For more  information and  to create your  account, please     Increase to Residential Rental Registration Fee. For tax 
visit Pro.Portland.gov.                                        years beginning on or after January 1, 2022, the Residential 
Filing Deadline. The filing deadline for this return is April  Rental Registration fee has increased to $65 per unit. 
18, 2023. Since the E-2022 relies on information reported 
                                                               Amended Returns 
on the federal and/or Oregon tax return, the due date for the 
E-2022  will  be changed  when there is  a change to the       The Revenue Division does not have a separate form for 
federal or State of Oregon due dates.                          amended tax returns. To amend your Combined Business 
Extensions. The  Revenue  Division  does  not  generally       Tax Return, use the form for the tax year being amended 
allow an extension of time to pay the tax, even if the IRS     and check the “Amended” box. If the address for the year 
allows an extension. The tax balance is due on the original    you’re amending has changed,  use your  current  mailing 
return due date. The submission of an extension payment        address and check the “Mailing Address Change” box. 
by the original return due date provides an automatic six-
                                                               Fill in all amounts on your amended return, even if they are 
month filing extension. If there is not a tax balance due but 
                                                               the same as originally filed. If you are amending to make a 
you would like to file an extension, your federal or State of 
                                                               change to additions, subtractions, or credits, include detail 
Oregon  extension will serve as your  Combined Business 
                                                               of all items and amounts as well as any carryovers. Please 
Tax extension and a separate extension will not need to be 
                                                               include  a  statement  explaining  what  changed  from  the 
submitted.  When filing your return on the extended due 
date, check the “Extension Filed” box on the return. If no     original return. 
extension payment was made, please attach a copy of your       If you change taxable  income by  filing an original or 
federal or State of Oregon extension with your return.         amended federal or Oregon income tax return, you must file 
Federal Tax Pages: Be sure to include the following federal    an amended Combined Business Tax Return within 60 days 
tax pages  (and  statements) and  Portland schedules  with     of when the original or amended federal or Oregon income 
your Form E-2022 Combined Business Tax Return:                 tax return is filed. Include a copy of your original or amended 
 •    Federal Form 1041                                        federal or Oregon  income tax  return with your amended 
 •    Schedule C and statements (if filed)                     Combined  Business  Tax  Return  and  explain  the 
      If more than one Schedule C, include all of them         adjustments made. 
 
Page 1 of 6, E-2022 Instructions (Rev. 01/11/2023)

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Do not amend your Combined Business Tax Return if you • $50,000 for the City of Portland Business License
amend the federal return to carry a net operating loss back Tax exemption, and
to prior years. The Revenue Division only allows tax entities • $100,000 for the Multnomah County Business
to carry net operating losses forward. Additionally, net Income Tax exemption.
operating losses for the City of Portland Business License To calculate the total gross receipts from all business
Tax and/or Multnomah County Business Income Tax are activity, add the following lines together:
only generated from the Combined Business Tax Return,
•
not from your IRS or Oregon income tax return. Schedule C. Enter the sum of the positive numbers
reported on lines 3 and 6 of the primary Schedule C.
On the prepayments line of your amended Combined Include gross receipts from Schedule F if the taxfiler
Business Tax Return, enter the net tax for each jurisdiction does not qualify for the farming exemption under
as reflected on the original return or as previously adjusted. Portland City Code 7.02.400 (H).
Do not include any penalty or interest portions of payments • Additional Schedule C. Enter the sum of the positive
already made. numbers reported on lines 3 and 6 of all other
Schedule Cs included on Form 1040.
Apportionment
• Schedule D. Enter the sum of the positive numbers
For each jurisdiction, gross income includes all business reported on lines 4 and 11 of the Schedule D and any
income including, but not limited to, gross receipts, service other business capital gains.
income, interest, dividends, income from contractual • Schedule E. Enter the sum of the positive numbers
agreements, gross rents, and gains on sale of business reported on lines 23a and 23b of the Schedule E. If
property. there are any residential rental properties in the City of
With a few exceptions, income earned in Portland is also Portland, make sure to complete and submit a
earned in Multnomah County. Income may be apportioned Schedule R (with payment) with your exemption
only if there is regular business activity outside Portland request.
and/or Multnomah County. Services performed outside • Form 6252 and Schedule B. Enter the sum of the
Portland and/or Multnomah County may be apportioned number reported on line 26 of Form 6252 and any
based upon the percentage of performance outside the interest from installment sale income from business
applicable jurisdiction. Sales of tangible personal property property reported on Schedule B.
may be apportioned only if a business has payroll or
If your total gross receipts from all business activity are
property outside the jurisdictions.
$50,000 or more, you do not qualify for the gross receipts
Exempt Businesses exemption for the City of Portland Business License Tax.
If your total gross receipts from all business activity are
If your business is exempt from the City of Portland
$100,000 or more, you do not qualify for the gross receipts
Business License Tax, as allowed under Portland City Code
exemption for the Multnomah County Business Income Tax.
(PCC) 7.02.400 or the Multnomah County Business Income
Tax, as allowed under Multnomah County Code (MCC) OTHER EXEMPTIONS
12.400, you are still required to file a Combined Business If you are claiming an exemption other than the gross
Tax Return by the due date of your return. Failure to do so receipts exemption, you must attach a statement that
may result in a Presumptive Fee bill and your account will explains which exemption you are claiming and provide
remain in non-compliance status until the required support for that exemption (See Exemption Codes in the
documentation is received. Appendix).
This exemption is from the business taxes only. Any other
tax, surcharge, or fee may fall under separate exemption Penalty Calculation

criteria, for which your business may still be liable. You may be subject to penalties for underpaying your
GROSS RECEIPTS EXEMPTION estimated tax, filing a late Combined Business Tax Return,
and/or paying your business tax liability after the original
Note: The following amounts are taken from the federal due date of the return.
income tax return.
Although the Revenue Division assesses a late penalty for
To claim a gross receipts exemption from the City of
both failing to file a Combined Business Tax Return by the
Portland Business License Tax and/or the Multnomah
due date and failing to pay the tax by the original due date
County Business Income Tax, the total gross receipts from
of the return, only one of these late penalties will be applied,
all business activity must be under:

Page 2 of 6, E-2022 Instructions (Rev. 01/17/2023)

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even  if there is  a failure  of both requirements. In these      •        An additional penalty of 100% of the  unpaid  tax 
cases, only the late filing penalty is applied.                            liability of all tax years if the failure to pay is for three 
                                                                           or more consecutive years. 
UNDERPAYMENT PENALTY 
                                                                  Interest Calculation 
You  may subject to a  penalty  for underpaying  your 
estimated tax if, by the original due date of the return, timely 
prepayments are not made which are either:                        LATE PAYMENT INTEREST 
 •     At  least 90%  of the total tax due  on line  16           Interest is calculated at 10% per annum (.00833 multiplied 
       (Multnomah County) and line 25 (City of Portland),         by the number of months). Calculate your interest from the 
       or                                                         original due date to the 15 thday of the month following the 
 •     100% of the prior year’s tax for each jurisdiction.        date of the payment. 

If you did not satisfy either requirement, you will be charged 
a 5% underpayment penalty on the unpaid amount, but not           QUARTERLY UNDERPAYMENT INTEREST 
less than $5 per jurisdiction.                                    Quarterly underpayment  interest will be due if estimated 
                                                                  payments were required  and  were underpaid. Calculate 
LATE FILING PENALTY                                               your quarterly underpayment interest at a rate of 10% per 
                                                                  annum  from  the  due  date  of  each  quarterly  estimated 
If you do not file your Combined Business Tax Return by the 
                                                                  payment to the original due date of the tax return to which 
original  due  date, file  an  extension with the  Revenue 
                                                                  the estimated payments apply. 
Division by the original due date, or include a copy of your 
federal or state extension with your Combined Business Tax        The amount of underpayment is determined by comparing 
Return  when you file by the  extended due date, the              the 90% of the current total tax liability amount to quarterly 
following late filing penalties will apply:                       estimated payments made prior to the original due date of 
                                                                  the tax return. 
 •     5% of the amount of the total tax liability if the failure 
       to file is for a period less than four months.             There is no interest on underpayment of quarterly estimated 
 •     An additional penalty of 20% of the total tax liability    payments if:  
       must  be  added  if  the  Combined  Business  Tax          •        The total tax liability of the prior tax year was less 
       Return is four months or more past due.                             than $1,000 for the jurisdiction; 
 •     An additional penalty of 100% of the total tax liability   •        An amount equal to  at least 90% of the total tax 
       of all tax years for any  Combined Business Tax                     liability for the current tax year was paid  in 
       Return  which  is delinquent for three or  more                     accordance with PCC  7.02.530 and/or MCC 
       consecutive years.                                                  12.530; or  
No late filing penalty is due if a timely extension is filed with •        An amount equal to at least 100% of the prior year’s 
the Revenue Division and a Combined Business Tax Return                    total tax liability was paid in accordance with PCC 
is filed by the extended due date, or a copy of the federal or             7.02.530 and/or MCC 12.530. 
state extension is included with the Combined Business Tax 
Return and the ‘Extension Filed’ box is checked.                  Combined Business Tax Return Filing 
                                                                  Instructions 
LATE PAYMENT PENALTY 
                                                                  Rounding. Round cents to whole dollars on your return and 
Your  2022  business tax must be paid by  April 18,  2023,        schedules. To round,  drop amounts under 50 cents  and 
even if you requested an extension to file your Combined          increase amounts from 50 to 99 cents to the next dollar. For 
Business Tax Return. If you  do  not pay your  tax  by the        example, $1.39 becomes $1 and $2.50 becomes $3. If two 
original due date, the following late payment penalties will      or more amounts must be added to figure the amount to 
apply:                                                            enter on a line, include cents when adding the amounts and 
                                                                  round off only the total. 
 •     5% of the amount of the tax that was not paid by the 
       original due date. 
 •     An additional penalty of 20% of the unpaid tax must        General Return Information 

       be added if the failure to pay is for a period of four     Tax Year. Enter the beginning and ending dates for your tax 
       months or more.                                            year. For calendar year filers, this would be 01/01/2022 to 
                                                                  12/31/2022. 

Page 3 of 6, E-2022 Instructions (Rev. 01/17/2023)

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Account #. Enter your BZT account number (ten digits). Line 4. City of Portland gross income. Portland gross
This information can be found on letters the Revenue income includes income from all business activity within the
Division has mailed to you related to your business tax City of Portland (see Apportionment instructions above).
account. If you cannot find your account number, call the Line 5. Total gross income from all Schedules B, C, D,
Revenue Division at (503) 823-5157. E, and F in all locations Total gross income includes
FEIN. Enter the Federal Employer Identification Number income from all business activity everywhere, as reported
(FEIN) of the trust or estate. on your federal Form 1041. Generally, this should be the
same amount reported on line 2, but there are certain
NAICS. Enter the NAICS (North American Industry situations where this amount may be different.
Classification System) code for your business.
Line 6. City of Portland apportionment percentage. Line
If you are a residential lessor limited to Federal Schedules 4 divided by line 5. Round to 6 decimal places. This line
E and D, enter a business code of 531110. Commercial cannot be more than 1.0.
lessors should enter a business code of 531120.
Exempt – Multnomah County. Check this box if you are
Name. Enter the legal name of the trust or estate. claiming an exemption from the Multnomah County
Mailing Address. Always enter your current mailing Business Income Tax and select a reason for the
address. If the address for the year you are filing has exemption. If your reason for being exempt is other than for
changed from last year, check the box indicating the gross receipts, attach a statement explaining which
change. exemption you are claiming and provide support for that
exemption (See Exemption Codes in the Appendix).
Initial Return Box. Check this box if this is your first return
you are filing with us. Attach the Business Tax Registration Exempt – City of Portland. Check this box if you are
Form, if not mailed to us previously. claiming an exemption from the City of Portland Business
License Tax and select a reason for the exemption. If your
Final Return Box. Check this box if you no longer conduct reason for being exempt is other than for gross receipts,
business in the City of Portland and/or Multnomah County attach a statement explaining which exemption you are
and this is the final return you are filing with us. Attach an claiming and provide support for that exemption (See
Out of Business Notification Form or an explanation for your Exemption Codes in the Appendix).
final return. If you have sold your business, indicate the
name and address of the entity you sold your business to. NOTE: If you have claimed an exemption from the
Multnomah County and the City of Portland business
Amended Return Box. Check this box if you are amending taxes, you generally don’t need to fill out the following
your 2022 tax return. See the Amended Return instructions parts of the return:
above for more information about amending your Combined
Business Tax Return. • Part II – Net Income
Extension Filed Box. Check this box if you filed an • Part III – Multnomah County Business Income Tax
extension to file your federal or state income taxes. Attach (if claiming an exemption from Multnomah County
a copy of your federal or State of Oregon extension to your Business Income Tax)
•
tax return. Part IV – City of Portland Business License Tax (If
claiming an exemption from the City of Portland
Part I – Gross Income Business License Tax)

Line 1. Multnomah County gross income. Multnomah However, even if you are exempt from the City of Portland
County gross income includes income from all business Business License Tax, you are still liable for any Heavy
activity within Multnomah County (see Apportionment Vehicle Use Tax or Residential Rental Registration fees
instructions above). that may be due. If you are subject to either tax/fee, please
complete lines 23 (Heavy Vehicle Use Tax) and/or 24
Line 2. Total gross income from all Schedules B, C, D,
(Residential Rental Registration Fee) and attach the
E, and F in all locations. Total gross income includes
required schedule(s) with your Combined Business Tax
income from all business activity everywhere, as reported
on your federal Form 1041. Return. Be sure to include any payment due for these
taxes/fees, or you will be subject to late payment penalties
Line 3. Multnomah County apportionment percentage. and interest on the unpaid balance.
Line 1 divided by line 2. Round to 6 decimal places. This
line cannot be more than 1.0. If you have made estimated prepayments and would like
them refunded to you or credited to the next tax year, fill
out the prepayment section(s) of the return to tell us how

Page 4 of 6, E-2022 Instructions (Rev. 01/17/2023)

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you would like your overpayment applied in Part V – Tax Line 19. City of Portland apportioned net income. Line
Due / Refund. 18 times multiplied by line 6.
Line 20. Net operating loss deduction. Enter your NOL
Part II – Net Income from previous years as a negative number here. NOLs are
allowed only if reported on prior Combined Business Tax
Line 7. Net income or (loss) before distribution. Enter
Returns. This deduction cannot be greater than 75% of line
the net business income or loss from lines 3, 5 and 6 from
19. Any unused NOL may only be carried forward for five
the federal Form 1041. Do not include pass-through
tax years.
income.
Line 21. Income subject to tax. Sum of line 19 and 20.
Line 8. Taxes based on or measured by net income add-
back. Add back any taxes based on or measured by net Line 22. City of Portland Business License Tax. Line 21
income, including the City of Portland Business License multiplied by the tax rate of 2.6%. The minimum amount of
Tax, Multnomah County Business Income Tax, and Metro tax owed is $100.
Business Income Tax, that have been deducted to arrive at Line 23. Heavy Vehicle Use Tax (HVT). If you are subject
the net income reported on line 7. to Portland’s Heavy Vehicle Use Tax, enter the amount from
Line 9. Other additions and subtractions. Enter any line 4 of the HVT Schedule here.
business income or loss from federal Form 1041 lines 1, 2, Line 24. Residential Rental Registration Fee. If you are
4, 7 and 8. Subtract any business expenses directly related subject to Portland’s Residential Registration Fee, enter the
to the business income. Attach a schedule for business amount due from the Schedule R here.
expenses.
Line 25. Total of City of Portland taxes and fees. Sum of
Line 10. Adjusted net income. Sum of lines 7 through 9. lines 22, 23, and 24.

Part III - Multnomah County Business Part V - Tax Due / Refund
Income Tax
Line 26. Total business taxes and fees. Sum of line 16
Line 11. Multnomah County modifications. Enter any and 25.
modifications to Multnomah County’s adjusted net income
Line 27. Late payment or late filing penalty. Enter the
here. This would generally apply only in rare circumstances.
amount of any late payment of taxes or late filing penalty
Line 12. Multnomah County subject net income. Sum of owed.
line 10 and line 11.
Line 28. Underpayment penalty. Enter the amount of any
Line 13. Multnomah County apportioned net income. underpayment penalty owed.
Line 12 times multiplied by line 3.
Line 29. Interest. Enter any quarterly underpayment
Line 14. Net operating loss deduction. Enter your net interest and/or interest due on taxes not paid by their due
operating loss (NOL) from previous years as a negative dates.
number here. NOLs are allowed only if reported on prior
Line 30. Quarterly estimated payments and other
Combined Business Tax Returns. This deduction cannot be
prepayments. Enter the total amount of prepayments as a
greater than 75% of line 13. Any unused NOL may only be
negative number here. This includes all quarterly estimated
carried forward for five tax years.
payments, extension payments, and any credits carried
Line 15. Income subject to tax. Sum of line 13 and line 14. forward from prior years.
Line 16. Multnomah County Business Income Tax. Line Line 31. Overpayment. If the sum of lines 26 through 30 is
15 multiplied by the tax rate of 2%. The minimum amount of negative, this is the amount you have overpaid. If you have
tax owed is $100. an overpayment, you may choose to have the balance:
Part IV - City of Portland Business License • Refunded to you, or
Tax • Credited forward to the next tax year.
If no election is made, any overpayment will be refunded to
Line 17. City of Portland modifications. Enter any
modifications to City of Portland’s adjusted net income here. you.
This would generally apply only in rare circumstances.
Line 18. City of Portland subject net income. Sum of line
10 and line 17.

Page 5 of 6, E-2022 Instructions (Rev. 01/17/2023)

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Line 32a. Refund. Enter the amount of the overpayment 
                                                                              Appendix 
you would like refunded to you on this line. If you would like 
direct deposit  of your refund, please file your  Combined                    Exemption Codes 
Business Tax Return  online at                     Pro.Portland.gov.  If your 
return is filed on paper, you will receive your refund in the                 If you are claiming an exemption from the City of Portland 
mail by check.                                                                Business License Tax and/or Multnomah County Business 
                                                                              Income Tax,  please use one of the following  Exemption 
Line 33b. Credit carryforward.  Enter the amount of the 
                                                                              Codes listed below: 
overpayment  you  would  like  to  apply  as  an  estimated 
payment for tax year  2023  on this line.  This election is                    Code  Explanation 
irrevocable.                                                                   1  No business activity in jurisdiction  
                                                                                  Gross business income from all sources less 
Line 34 Combined amount due with report. If the sum of                         2  than $100,000   (Multnomah County Only) 
lines 26 through 30 is positive, a balance is due.                                Gross business income from all sources less 
Make your check payable to ‘City of Portland’ and submit                       3  than $50,000 (City of Portland Only) 
with  your  Combined  Business  Tax  Return.  For  fastest                        Only business is the operation of less than 10 
payment processing, pay online by logging into your PRO                        4  residential rentals (Multnomah County Only) 
account at Pro.Portland.gov.                                                   5  Real estate brokers (City of Portland Only)  
                                                                               6  Insurance agent  
                                                                                  PL 86-272 
                                                                               7 
                                                                               8  Non-profit under ORS 317.080 
                                                                                  Trusts exempt from Federal income tax under 
 
                                                                               9  IRC § 501 
                                                                               10 Farm/Ag only (HVT still possible) 
                                                                               99 Other (explanation required, please attach) 
                                                                               
Page 6 of 6, E-2022 Instructions (Rev. 01/17/2023)

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