A resident is subject to tax on all items included in total federal income. Taxable income includes:
Salaries, bonuses, wages, commissions, fees, vacation pay, profit sharing plan income and other compensation regardless of where earned.
Deferred compensation distributions.
Fair market value of merchandise or services received as compensation.
Net profit from operation of a business or profession or other activity regardless of where earned.
Income from a partnership, estate or trust, interest from bank accounts, credit unions, savings and loan associations and other income regardless of where earned.
Rental income, capital gains and dividends.
Lottery winnings
A nonresident is subject to tax on all items included in total federal income, which are derived from or connected with Portland sources.
Taxable income includes:
Salaries, bonuses, wages, commissions, fees, vacation pay, profit sharing plans and other compensation for services rendered as an employee in Portland.
Fair market value of merchandise or services received as compensation.
Net profits from the operation of a business or profession or other activity conducted in Portland.
Net profits from rental of real and tangible property located in Portland.
Net profits from sale or exchange of personal property located in Portland.