OAR 150-475-4010: Psilocybin Tax: Payment Due Dates

(1) (a) For the purposes of all Division 475 Rules, “Client,” “Psilocybin Service Center,” “Psilocybin Service Center Operator,” “Psilocybin Products,” and “Psilocybin Services” have the same meanings given under ORS 475A.220. (b) For the purposes of all Division 475 Rules, “Psilocybin Tax” means the tax levied by ORS 475A.662. (2) A psilocybin service center operator that sells psilocybin products, as defined in ORS 475A.220, must pay all psilocybin taxes due for each tax period by the due dates described in ORS 475A.666 and this rule. (3) A psilocybin service center operator must pay the psilocybin tax due on or before the last day of the month following the end of each calendar quarter. (4) When the due date falls on a Saturday, Sunday or a state legal holiday, the deposit or payment is due on the next business day following such Saturday, Sunday or state legal holiday. (5) If a psilocybin service center does not make any sales of psilocybin products in a particular calendar quarter, the psilocybin service center is not required to remit payment of psilocybin tax for that quarter. (6) The psilocybin service center operator may retain two percent of the amount of tax collected on sales of psilocybin products as provided under ORS 475A.698. (7) A psilocybin tax deposit for each quarter, as established in subsection (4) of this rule, consists of the sum of the total amount of the retail sales price of psilocybin products sold to clients during sessions occurring that quarter multiplied by the associated tax rate as provided in ORS 475A.662, less two percent referenced in section (6) of this rule. Example: Andes LLC is a psilocybin service center licensed by the Oregon Health Authority having $50,000 in psilocybin sales in the second calendar quarter (April, May, and June) and a resulting tax liability of $7,350 (($50,000 x .15) x .98). The deposit of the resulting tax is due on or before July 31. The tax calculation in this example excludes two percent of the taxes collected for administrative expenses as allowed by statute.