Sign Up
SB 123 Oregon Senate · 2025 Regular Session

Relating to the corporate activity tax; prescribing an effective date.

Summary
] [ Requires the Legislative Revenue Officer to study the corporate activity tax. Directs the Legislative Revenue Officer to submit findings to the interim committees of the Legislative Assembly related to revenue not later than December 1, 2026. ] Modifies the provision that exempts receipts from the sale by certain pharmacies of prescription drugs to allow use of the exemption by critical access pharmacies and to require pharmacies allowed the exemption based on the number of locations to have at least one location in this state. Applies to tax years beginning on or after January 1, 2026. Removes the sunset from the exclusion for subcontracting payments. Takes effect on the 91st day following adjournment sine die.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2025 Last action Jun 28, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Introduced → A-Engrossed · 4 edits
MODERATE
The bill was amended to expand eligibility for a corporate activity tax exemption to include critical access pharmacies and clarify location requirements, while also removing a sunset provision for subcontracting payment exclusions and adding a new effective date provision.
Scope change
The bill's scope was expanded to include critical access pharmacies in the tax exemption and removed a previous expiration date for subcontracting payment exclusions.
ELIGIBILITY

Expanded the definition of eligible pharmacies to include critical access pharmacies in addition to pharmacies with fewer than 10 locations.

Added requirement that pharmacies claiming the exemption based on location count must have at least one location in Oregon.

TIMELINE

Removed the sunset provision that would have ended the subcontracting payment exclusion on January 1, 2026.

Added a new section establishing that the act takes effect 91 days after the legislative session adjourns sine die.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
6
Key actions
2
Committee
4
Jun 28, 2025
Upper · Passed
In committee upon adjournment.
upper
Jun 12, 2025
Committee
Referred to Tax Expenditures by order of the President.
upper
Jun 12, 2025
Upper · Passed
Recommendation: Do pass with amendments and be referred to Tax Expenditures. (Printed A-Eng.)
upper
Jan 17, 2025
Committee
Referred to Finance and Revenue.
upper
Jan 13, 2025
Introduced
Introduction and first reading. Referred to President's desk.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.