Section 475C.674 – Imposition of tax on retail sale of marijuana items.
(1) A tax is hereby imposed upon the retail sale of marijuana items in this state. The tax imposed by this section is a direct tax on the consumer, for which payment upon retail sale is required. The tax shall be collected at the point of sale of a marijuana item by a marijuana retailer […]
Section 475C.734 – Suspense account; payment of expenses; crediting balance to Oregon Marijuana Account.
(1) All moneys received by the Department of Revenue under ORS 475C.670 to 475C.734 shall be deposited in the State Treasury and credited to a suspense account established under ORS 293.445. The department may pay expenses for the administration and enforcement of ORS 475C.670 to 475C.734 out of moneys received from the tax imposed under […]
Section 475C.678 – Exemption from tax on retail sale of marijuana items; rules.
(1) As used in this section, “designated primary caregiver,” “registry identification card” and “registry identification cardholder” have the meanings given those terms in ORS 475C.777. (2) Notwithstanding ORS 475C.674: (a) A tax is not imposed upon the retail sale of marijuana items in this state to a registry identification cardholder or to a designated primary […]
Section 475C.738 – Definitions for ORS 475C.738 to 475C.758.
As used in ORS 475C.738 to 475C.758: (1) “Deliver” has the meaning given that term in ORS 475.005. (2) “Financial institution” means: (a) A financial institution as defined in ORS 706.008. (b) A trust company as defined in ORS 706.008. (c) A money transmission business licensed under ORS 717.200 to 717.320, 717.900 and 717.905. (d) […]
Section 475C.682 – Collection of tax; refund; credit; penalties.
(1) Except as otherwise provided in ORS 475C.670 to 475C.734, the tax imposed upon the consumer under ORS 475C.674 shall be collected at the point of sale and remitted by each marijuana retailer that engages in the retail sale of marijuana items. The tax is considered a tax upon the marijuana retailer that is required […]
Section 475C.742 – Financial institution exempt from certain criminal laws.
A financial institution that provides financial services customarily provided by financial institutions pursuant to powers granted by ORS 717.200 to 717.320, 717.900 and 717.905, the Bank Act or by ORS chapter 723 to a marijuana processing site registered under ORS 475C.815, a medical marijuana dispensary registered under ORS 475C.833, a marijuana producer that holds a […]
Section 475C.684 – Marijuana revenue estimate.
(1) Not later than 30 days before the beginning of each calendar quarter, the Oregon Department of Administrative Services shall forecast and prepare an estimate of the revenue that will be received during the remainder of the current biennium and subsequent three biennia pursuant to the tax imposed under ORS 475C.674. The estimate may be […]
Section 475C.688 – Enforcement; liability; notice of liability; notices of determination and assessment.
(1) Every person who collects any amount under ORS 475C.682 shall hold the same in trust for the State of Oregon and for the payment thereof to the Department of Revenue in the manner and at the time provided in ORS 475C.682. (2) At any time a marijuana retailer fails to remit any amount collected, […]
Section 475C.692 – Duty to keep receipts, invoices and other records.
(1) A marijuana retailer shall keep receipts, invoices and other pertinent records related to retail sales of marijuana items in the form required by the Department of Revenue. Each record shall be preserved for five years from the time to which the record relates, or for as long as the marijuana retailer retains the marijuana […]
Section 475C.694 – Authority to require production of books, papers, accounts and other information.
(1) The Department of Revenue has authority, by order or subpoena to be served with the same force and effect and in the same manner as a subpoena is served in a civil action in the circuit court, or the Oregon Tax Court, to require the production at any time and place the department designates […]