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OR SB123
Bill
AI Summary
- Expands the Corporate Activity Tax (CAT) exemption for pharmacy prescription drug sales to include critical access pharmacies as defined by the Oregon Health Authority
- Requires pharmacies claiming the exemption based on location count to have at least one but fewer than 10 locations under common ownership in Oregon (previously did not require any Oregon location)
- Removes the January 1, 2026 sunset date for the exclusion of subcontracting payments from the CAT, making it permanent
- Pharmacy-related changes apply to tax years beginning on or after January 1, 2026
- Takes effect on the 91st day following adjournment of the 2025 legislative session
Legislative Description
Relating to the corporate activity tax; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025
Committee Referrals
Tax Expenditures6/12/2025
Finance and Revenue1/17/2025
Full Bill Text
No bill text available