Receipts from the first quarter for the $15 tax on new bicycles have been tallied by the Oregon Department of Revenue.
As of May 16th, the agency says they’ve processed about $77,000 in bike tax payments. The tax went into effect on January 1st and first quarter receipts were due April 30th.
The first reporting of figures from the tax came last week from Bicycle Retailer and Industry News. They reported a total of $34,065 in gross receipts; but that figure was a bit premature because DOR had only started collecting payments last month. After the BRAIN story broke we contacted DOR asking for an updated number and an estimate of administrative overhead costs.
DOR Communications Operations Manager Joy Krawczyk clarified to us that, “The amount provided to Bicycle Retailer & Industry News was from our monthly agency financial statement and reflected bicycle excise tax payments processed as of April 30, 2018. April 30 was the due date for the first quarter of payments and returns for the new tax, so any payments we received just before, on, or after the due date may not have been included in our April financial statement.”