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CAT Tax Exemptions
As business start to pay, they start to not want to pay

Editor's note: This is the third in a multipart series exploring tax measures before the Oregon Legislature during the 2021 session

The year 2019 saw an increase in Democratic numbers in the Legislature and with it, the ability to raise taxes without any support from the minority party. That brought one of the largest tax increases in the history of the State of Oregon with the Commercial Activities Tax that was created to fund the Student Success Act. Not surprisingly, a backlash has begun as targets of the tax seek to free themselves from its burdens.

HB 2259 exempts receipts from sales of prescription drugs and medical supplies or from provision of medical services from commercial activity subject to corporate activity tax.

HB 2268 exempts interest received on financial institution loans made to small business concerns from commercial activity subject to corporate activity tax.

An exemption that carries perhaps the highest price tag, HB 2293 exempts receipts from sales of agricultural, floricultural, horticultural, viticultural or food products from commercial activity subject to corporate activity tax. It was introduced by Representative Mark Owens (R-Crane).

HB 2429 has been introduced by Representatives Nancy Nathanson (D-Eugene) and E. Werner Reschke (R-Klamath Falls) Modifies provisions of corporate activity tax, expanding exemption for grocery sales to include groceries held by consignee store operator and expanding exemption for motor vehicle dealer transactions to include all new vehicle exchanges between franchised motor vehicle dealerships.

Representative Christine Drazan (R-Canby) has introduced HB 2633 exempts, from commercial activity subject to corporate activity tax, contractor receipts from repair or rebuilding of structure destroyed or damaged by wildfire.

HB 2753 prohibits pharmacy benefit manager from including in contract with network pharmacy term barring price increase to customer to offset estimated amount of corporate activity tax paid by pharmacy and attributable to sale of prescription drug. This has been introduced by Representative Ron Noble (R-McMinnville)

The bill has not been scheduled for a hearing.


--Staff Reports

Post Date: 2021-03-17 16:41:42Last Update: 2021-03-15 16:56:41



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