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OR SB707

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Mark Meek

Click for details

Origin

Senate

2025 Legislative Measures

AI Summary

  • Expands the Corporate Activity Tax (CAT) exemption for prescription drug sales to include "critical access pharmacies" as defined by the Oregon Health Authority under the Oregon Prescription Drug Program
  • Currently, pharmacies with nine or fewer locations under common ownership in Oregon qualify for the exemption; the bill adds critical access pharmacies regardless of size
  • Veterinary pharmacies remain excluded from the eligible pharmacy definition
  • Applies 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 exemption of prescription drug sales; prescribing an effective date.

Last Action

In committee upon adjournment.

6/27/2025

Committee Referrals

Finance and Revenue1/17/2025

Full Bill Text

No bill text available