Bill > SB379

This bill modifies existing tax law provisions related to the corporate activity tax (CAT) for pharmacy drug sales, specifically removing the sunset (expiration) date on an existing tax exemption. The bill amends a previous legislative section to apply the tax exemption for prescription drug sales receipts to all tax years, instead of limiting it to tax years between January 1, 2022, and January 1, 2026. By eliminating the sunset provision, pharmacies will continue to be exempt from paying the corporate activity tax on prescription drug sales receipts beyond the previously established timeframe. The bill appears to be a technical amendment that provides a permanent tax exemption for certain pharmacy drug sales, ensuring that these receipts will not be subject to the corporate activity tax in future years. This change is likely intended to support pharmacies by reducing their tax burden and maintaining a consistent tax treatment for prescription drug sales.

Budget and Finance, Health and Social Services

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB379