PDF document

- 1 -

                            Metro Supportive Housing Services Business Income Tax 
                  2023 Form METBIT-20 Business Tax Return for C Corporations Instructions  

                                                                  already granted. If there is not a tax balance due but you 
General Information                                               would like to file  an extension, your  federal  or State  of 
                                                                  Oregon extension will serve as your Metro extension and a 
Important Reminders                                               separate Metro  extension  will not need to be submitted. 
                                                                  When filing your return on the extended due date, check the 
Note: S corporations should file METBIT-20S. 
                                                                  “Extension Filed” box on the return. If no extension payment 
File and  Pay  Online and Manage your Business  Tax               was made, please attach a copy of your federal or State of 
Accounts at Pro.Portland.gov. Portland Revenue Online             Oregon extension with your return.  
(PRO) allows you to: 
                                                                  Federal and State Tax Pages. Be sure to include copies of 
 •           Register your business tax accounts                  the following  federal  tax pages  (and statements) and 
 •           Update your business account information             Oregon tax pages (and statements) with your 2023 Form 
 •           File a Metro business tax return                     METBIT-20 business tax return: 
 •           Make payments 
 •           Upload supporting tax pages and documents            • Oregon Form OR-20 or OR-20-INC (including OR-
 •           View correspondence mailed to you                      AP,  OR-ASC, and  any  other Oregon forms  and 
 •           Provide Third-Party Access to your tax preparer        schedules you have filed) with statements 
                                                                  • Federal Form 1120, pages 1-5 
For more  information and  to create your  account, please        • Federal Form 1125-E (if filed) 
visit Pro.Portland.gov. 
                                                                  The  Revenue  Division  has  the  authority  to  request 
Businesses  Required  to  File  a  Metro  Supportive              additional tax pages or supporting documentation to verify 
Housing Services Tax Return. Businesses doing business            the accuracy of the tax reported on the tax return.  
in or that have  income from  within the Metro District 
                                                                  What’s New?       
jurisdiction who have over $5 million in gross receipts from 
both within and without the Metro’s jurisdiction are required     Market Based Sourcing.  For tax years beginning  on or 
to pay a 1% tax on net business income that is apportioned        after January 1, 2023, Metro has adopted the Market Based 
to the jurisdiction. To determine if an address  is located       Sourcing  (MBS)  and  single sales factor  apportionment 
within the Metro tax jurisdiction, utilize the tool available at  methodology to conform with the State of Oregon’s 
gis.oregonmetro.gov/metromap.                                     apportionment methodology.  This change  includes 
                                                                  adoption of the state’s nexus standards and the interstate 
Filing Deadline. The filing deadline for this return is April     application of federal Public Law 86-272. 
15,  2024.  Since  the  Metro Business Income Tax return 
relies on information reported on the federal and/or Oregon       Amended Returns 
tax return, the due date for the 2023 Form METBIT-20 will 
                                                                  The Revenue Division does not have a separate form for 
be changed when there is a change to the federal or State 
                                                                  amended tax returns. To amend your 2023 Form METBIT-
of Oregon due dates. 
                                                                  20, use the form for the tax year being amended and check 
Extensions.  Since the  METBIT-20 return relies on the            the “Amended Return” box. If the address for the year you 
Oregon Form 20/Form 20-INC tax return filing, the due date        are amending  has changed, use your current mailing 
for the METBIT-20  return  is granted an automatic  one-          address, and check the box indicating the change.     
month extension to  match the due  date for the Oregon 
                                                                  Fill in all amounts on your amended return, even if they are 
corporate return filing. This also applies to the extended 
                                                                  the same as originally filed. If you are amending to make a 
filing due date. Metro does not generally allow an extension 
                                                                  change to additions, subtractions, or credits, include detail 
of time to pay the tax, even if the IRS allows an extension. 
                                                                  of all items and amounts as well as any carryovers. Please 
The tax balance is due on the original return due date. The 
                                                                  include  a  statement  explaining  what  changed  from  the 
submission of an extension payment by the original return 
                                                                  original return. 
due date provides an automatic six-month filing extension 
in  addition to the automatic one month filing extension 
 
Page  1of  ,52023 METBIT-20 Instructions (Rev. 01/29/2024)

- 2 -

If you change taxable income by filing an amended federal        Underpayment Penalty 
or Oregon income tax return, you must file an amended 
2023  Form METBIT-20  within 60 days of when the                 You may be subject to a penalty for underpaying your tax 
amended federal or Oregon income/excise tax return was           liability  if,  by the original  due  date of the return, timely 
filed. Include a copy of your amended federal or  Oregon         payments are not made which are either:  
income/excise  tax return and explain the  adjustments            • At least 90% of the total tax balance due, or  
made.                                                             • 100%  of the prior year’s tax liability  paid  by the 
                                                                    original due date.  
Do not amend your 2023 Form METBIT-20 if you amend the 
federal return to carry a net operating loss back to  prior      If you did not satisfy either requirement, you will be charged 
years. Metro only allows tax entities to carry net operating     an underpayment penalty of 5% of the unpaid tax, but not 
losses forward. Additionally, net operating losses for Metro     less than $5.  
Business Income Tax are  only generated  from the Metro 
Business Income Tax return, not from your IRS or Oregon          Late Filing Penalty 
income/excise tax return. 
                                                                 If you do not file your 2023 Form METBIT-20 return by the 
On the  prepayments line of your  amended  2023  Form            original  due  date, file  an  extension with the  Revenue 
METBIT-20, enter the net tax as reflected on the original        Division by the original due date, or include a copy of your 
return or as previously adjusted. Do not include any penalty     federal or State of Oregon extension with your return when 
or interest portions of payments already made.                   you file by the extended due date, the following late filing 
                                                                 penalties will apply: 
Apportionment                                                     • 5% of the amount of the total tax liability if the failure 
                                                                    to file is for a period less than four months. 
In adopting Oregon’s apportionment  law,  Metro  uses 
                                                                  •
Oregon’s single sales factor to apportion business income           An additional penalty of 20% of the total tax liability 
to or away from Metro.  Sales are  all gross receipts not           if the failure to file is for a period of four months or 
allocated under ORS 314.615 to 314.645 that are received            more. 
from  transactions  and  activity  in  the  regular  course  of   • An additional penalty of 100% of the total tax liability 
business except  as  excluded  by  ORS  314.610(7),  the            of all tax years if the failure to file is for three or more 
related statutes, and related rules. Refer to Oregon’s              consecutive tax years. 
statutes  and rules for guidance. Substitute Metro for 
                                                                 No late filing penalty is due if a timely extension is filed with 
state/Oregon as needed. 
                                                                 the Revenue Division and a 2023 Form METBIT-20 is filed 
Income may be apportioned only if there is regular business      by the extended due date, or a copy of the federal or State 
activity both inside and outside of Metro that would allow       of Oregon  extension is  included with the return and the 
another city and/or county to impose a similar tax.              ‘Extension Filed’ box is checked. 

Penalty Calculation                                                                      
                                                                 Late Payment Penalty
You  may  be  subject  to  penalties  for  underpaying  your     Your  2023  business  tax must be paid by April  15,  2024, 
estimated tax, filing a late 2023 Form METBIT-20, and/or         even if you requested an extension to file your 2023 Form 
paying your income tax liability after the original due date of  METBIT-20. If you do not pay your tax by the original due 
the return.                                                      date, the following late payment penalties will apply: 
Although the Revenue Division assesses a late penalty for         • 5% of the amount of the tax that was not paid by the 
both failing to file a 2023 Form METBIT-20 by the due date          original due date. 
and failing to pay the tax  by the original due date of the       • An additional penalty of 20% of the unpaid tax must 
return, only one of these late penalties will be applied, even      be added if the failure to pay is for a period of four 
if there is a failure of both requirements. In these cases, only    months or more. 
the late filing penalty is applied.                               • An additional penalty of 100% of the unpaid tax 
                                                                    liability of all tax years if the failure to pay is for three 
                                                                    or more consecutive years. 
                                                                  
Page  2of  ,52023 METBIT-20 Instructions (Rev. 01/29/2024)

- 3 -

Interest Calculation Account #. If you have already registered for an account
and know your account number, enter your full Metro Tax
Account number beginning with SHB followed by ten digits.
Late Payment Interest This information can be found on letters the Revenue
Interest is calculated at 10% per annum (.00833 multiplied Division has mailed to you related to your Metro business
by the number of months). Calculate your interest from the tax account. If you do not know your number, leave field
original due date to the 15th day of the month following the blank.
date of the payment.
FEIN. Enter the Federal Employer Identification Number
(FEIN) of the entity filing with the Oregon Department of
Quarterly Underpayment Interest Revenue.

Quarterly underpayment interest will be due if estimated NAICS. Enter the NAICS (North American Industry
payments were required and were underpaid. Calculate Classification System) code for your business.
your quarterly underpayment interest at a rate of 10% per
annum from the due date of each quarterly estimated Entity Filing in Oregon. Enter the legal name of the entity
payment to the original due date of the tax return to which filing with the Oregon Department of Revenue. If you have
the estimated payments apply. merged or reorganized, enter the new filing entity’s name
and check the box that the entity has merged or
The amount of underpayment is determined by comparing reorganized.
the 90% of the current total tax liability amount to quarterly
estimated payments made prior to the original due date of Mailing Address. Enter your current mailing address. If the
the tax return. address for the year you are filing has changed, check the
box indicating the change.
There is no interest on underpayment of quarterly estimated
payments if: Name of Parent Corporation, if Applicable. If you file
• The total tax liability of the prior tax year was less under a different entity for the Oregon Department of
than $1,000; Revenue than the IRS, enter the name of the parent
company here.
• An amount equal to at least 90% of the total tax
liability for the current tax year was paid in . If you file under a different
FEIN of Parent Corporation
accordance with Section 7.05.190; or entity for the Oregon Department of Revenue, please enter
• An amount equal to at least 100% of the prior year's the FEIN of the parent corporation here.
total tax liability was paid in accordance with
Section 7.05.190. If Merged/Reorganized, Enter Name of Previous
Business. If you have checked the Merged/Reorganized
Metro Supportive Housing Services box in the Entity Filing in Oregon field, enter the FEIN of the
Business Income Tax Return previous business here.

Filing Instructions for C Corporations FEIN of Previous Business. If you have checked the
Merged/Reorganized box in the Entity Filing in Oregon field,
Rounding. Round off cents to whole dollars on your return
enter the FEIN of the previous business here.
and schedules. To round, drop amounts under 50 cents and
increase amounts from 50 to 99 cents to the next dollar. For Check this box if this is the first Metro
Initial Return Box.
example, $1.39 becomes $1 and $2.50 becomes $3. If two Business Income Tax return filed by this entity.
or more amounts must be added to figure the amount to
enter on a line, include cents when adding the amounts and Final Return Box. Check this box if this is your final return.
round off only the total. Attach an explanation.

General Return Information Amended Return Box. Check this box if you are filing an
amended return and have already submitted an original
Tax Year. Enter the beginning and ending dates of your tax return. You must include a copy of your original return with
year. For calendar year filers, this would be 01/01/2023 to your amended return. If you also filed amended federal and
12/31/2023. state returns, please include a copy (see “Amended

Page 3of ,52023 METBIT-20 Instructions (Rev. 01/29/2024)

- 4 -

Returns” under “General Information” for additional Line 8. Subject net income. Enter the sum of line 4 through
information). line 7.

Extension Filed Box. Check this box If you have filed a Line 9. Metro apportioned net income. Multiply line 8 by
federal or state extension, or if you submitted an extension line 3.
payment by the original due date of the return. Include
required copies of federal extension as applicable (see Line 10. Add-back of non-business income allocated to
“Extensions” under “General Information” for additional Metro. Return any non-business income or loss removed
above on line 7 that should be allocated to Metro.
information).
Line 11. Total business income taxable to Metro. Sum of
Part I – Gross Income and Apportionment line 9 and line 10.
Line 1. Metro gross income. Metro gross income means Line 12. Net operating loss deduction. Enter your net
operating loss (NOL) from previous years as a negative
“sales” as defined in Oregon statute and administrative
number here. NOLs are allowed only if reported on prior
rules, and includes income from all business activity within
Metro Business Income Tax returns. This line cannot be
Metro (see Apportionment instructions above).
greater than 75% of line 11. Any unused NOL may only be
Line 2. Total gross income. Total gross income means carried forward for five years.
“sales” as defined in Oregon statute and administrative
rules, and includes income from all business activity Line 13. Income subject to tax. Sum of line 11 and line 12.

everywhere, as reported on your federal Form 1120. Multiply line 13 by
Line 14. Metro business income tax.
the tax rate of 1%. The minimum tax due is $100. If the
Line 3. Apportionment percentage . Line 1 divided by line
amount calculated is less than $100, enter $100.
2. Round to 6 decimal places. This line cannot be more than

1.0. Line 15. Prepayments. Enter the total amount of
prepayments as a negative number. Include all quarterly
Part II – Metro Business Income Tax estimated payments, extension payments, and any credits
Line 4. Net income or (loss) from Form OR-20 . Net carried forward from prior years.
income or loss is the net income before apportionment
Line 16. Penalty. Enter all late and/or underpayment
reported on Oregon Form OR-20 or OR-20-INC. Enter the
penalties that apply, if known. Leave blank if unknown or not
net income reported on Oregon Form OR-20 or OR-20-INC,
applicable. If additional penalty is owed but was not
line 5.
calculated at the time of return submission, you will receive
Line 5. Add-back of deductions not allowed. In a bill by mail.
determining income, no deduction is allowed for the
Line 17. Interest. Enter any quarterly underpayment
following: taxes based on or measured by net income, the
interest and/or interest due on taxes not paid by their due
federal built-in gains tax, or the City of Portland Clean
dates, if known. Leave blank if unknown or not applicable.
Energy Surcharge. If amounts for these items have been
If additional interest is owed but was not calculated at the
deducted to arrive at the net income reported on line 4, the
time of return submission, you will receive a bill by mail.
amounts must be added back on line 5.
Line 18. Balance due or (overpayment). If the sum of line
Line 6. Other additions or subtractions. Add or subtract
14 through line 17 is negative, this is the amount you have
any Oregon modifications related to business income.
overpaid. If the sum of line 14 through line 17 is positive,
Subtract any pass-through income (or add any loss) from
you have a balance due.
entities already taxed by Metro. Attach a schedule for these
modifications.
Part III – Tax Due / Refund

Line 7. Non-business income subtraction. Non-business If line 18 is negative, this is the
Line 19. Overpayment.
income may be income or a loss. Remove any non- amount you have overpaid. If you have an overpayment,
business income or loss reported on line 4 and line 6. you may make an irrevocable choice to have the balance
Removal of income will be a subtraction while removal of a refunded to you or applied as an estimated payment to the
loss will be an addition. next open tax year. If no election is made, any overpayment
will be refunded to you.

Page 4of ,52023 METBIT-20 Instructions (Rev. 01/29/2024)

- 5 -

Line 19a. Refund. Enter the amount of the overpayment           Preparer  signature.  Anyone who  prepares,  advises, or 
you would like refunded to you on this line. If you would like  assists in preparing business tax returns in exchange for 
direct deposit of your refund, you must file your return online compensation  of  any kind must be licensed to prepare 
at Pro.Portland.gov. If your return is filed on paper, you will Oregon returns and must sign the return. 
receive your refund in the mail by check. This election is 
irrevocable.                                                    Mailing Instructions 

Line 19b. Apply as an estimated tax payment. Enter the          Mail your completed return and all required supporting tax 
amount of the overpayment you would like to apply as an         pages in the same envelope. 
estimated payment to the next open tax year on this line. 
This election is irrevocable.                                   • If a payment is included with return: 

Line  20. Amount  due.  If  line  18  is positive,  you have a    Revenue Division – Metro SHS Tax 
balance due. Make your check payable to ‘Metro SHS Tax.’          PO Box 9250 
For fastest payment processing, pay online by logging into        Portland OR 97207-9250 
your PRO account at Pro.Portland.gov                       . 
                                                                  Make check payable to ‘Metro SHS Tax’. 
                                                                   
Part IV – Signature                                             • If no payment is included with return: 
Signature.  An  authorized  representative of the business 
                                                                  Processing – Metro SHS Tax 
must sign and date the return and provide a contact email 
                                                                  111 SW Columbia St, Suite 600 
address and phone number.  By signing the return, you 
                                                                  Portland, OR 97201-5840 
acknowledge,  under penalty of false swearing, that the 
information on the return is true, correct, and complete. 

Page  5of  ,52023 METBIT-20 Instructions (Rev. 01/29/2024)

PDF file checksum: 894262319

(Plugin #1/9.12/13.0)