Oregon · 2025 Regular Session · Bill
SB 123: Relating to the corporate activity tax; prescribing an effective date.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 123 is a bill introduced in the Oregon Senate on January 13, 2025. According to its official title, it concerns: Relating to the corporate activity tax; prescribing an effective date. Most recent recorded action (June 28, 2025): In committee upon adjournment.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
</b> </i>] [<i>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.</i>] <b>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. <b>Applies to tax years beginning on or after January 1, 2026. <b>Removes the sunset from the exclusion for subcontracting payments. <b>Takes effect on the 91st day following adjournment sine die.</b>
Sponsors
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| No sponsor recorded in source data. | ||||
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- In committee upon adjournment.
- Referred to Tax Expenditures by order of the President.
- Recommendation: Do pass with amendments and be referred to Tax Expenditures. (Printed A-Eng.)
- Public Hearing and Work Session held.
- Referred to Finance and Revenue.
- Introduction and first reading. Referred to President's desk.