Oregon Law
Law as of Jan 1, 2026
Chapter contents
317A.100Definitions 317A.102Determination of commercial activity of taxpayer engaged in farming operation 317A.103Accounting methods 317A.106Unitary groups 317A.109Taxation of property transferred into state; rules 317A.113Joint and several liability 317A.116Corporate activity tax imposed on commercial activity 317A.119Subtraction 317A.122Exclusion for subcontracting payments 317A.123Receipts from sale of prescription drugs excluded 317A.125Rate of taxation; exemption amount 317A.128Sourcing of commercial activity; rules 317A.131Registration; rules 317A.134Records 317A.137Returns; payment; rules 317A.140Accounting; installment payment; rules 317A.143Rules; uniformity 317A.146Quitting business; successor 317A.149Applicability of other provisions of tax law 317A.152Payments to Department of Revenue 317A.155Suspense account; payment of refunds; disposition of net revenue 317A.158Local taxes preempted 317A.161Interest and penalties

Chapter 317A — Corporate Activity Tax

ORS 317A.123 Receipts from sale of prescription drugs excluded

(1)

As used in this section:

(a)

“Eligible pharmacy” means a pharmacy that has nine or fewer locations under common ownership in this state. “Eligible pharmacy” does not include a pharmacy that caters primarily to veterinary customers.

(b)

“Pharmacy” has the meaning given that term in ORS 689.005.

(2)

Notwithstanding ORS 317A.100, amounts received by an eligible pharmacy in receipt for the sale of prescription drugs are excluded from the definition of commercial activity and are exempt from the tax imposed under ORS 317A.116. [2022 c.82 §10]

Note: Section 16 (4), chapter 82, Oregon Laws 2022, provides:

Sec. 16. (4) Section 10, chapter 82, Oregon Laws 2022 [317A.123], applies to tax years beginning on or after January 1, 2022, and before January 1, 2026.

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Provenance

Version history

2026-01-01

2025 Oregon Revised Statutes — official online source