SALEM, Ore. (BRAIN) — The Oregon Legislature has passed a transportation bill that includes a $15 excise tax on bikes sales. The bill is expected to be signed by Gov. Kate Brown.
The tax would apply to sales of new bikes with wheels 26 inches or larger and a retail price of $200 or more.
According to Bike Portland, the tax is expected to raise $1.2 million per year and cost $100,000 per year to administer. The proceeds are being set aside for bicycle and pedestrian transportation projects including bicycle trails, footpaths and multi-use trails.
Retailers will have to file quarterly returns to with the state and keep records and receipts for five years. It is believed to be the only state bike excise tax in the U.S.
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Author: Stephen Frothingham
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