There is a discussion of the tax here:
http://www.bikeforums.net/advocacy-s...ventually.html

Apparently it isn't law yet... but getting there. For some reason it took 12 days to be signed by the House and Senate and delivered to the Governor.

It still hasn't been signed by the Governor, and I think she has 30 days to from yesterday to sign or reject it. Plus there is a line item veto which is also possible. The actual bill is extremely long and complicated, and includes things like taxing fuel efficient vehicles more than gas guzzlers.

For the Oregon residents, write to the Governor expressing your support or dismay.

There is a 2 year sunset provision on the whole package, but in many cases, the legislatures simply extend previous laws indefinitely. Someone will come out and say they MUST extend it.

$15 only applies to new bikes valued over $200, with 26" (diameter) or larger wheels. No actual definition of a wheel, see discussion in the other chain about whether a wheel includes a tire or not.

Lots of grey areas when it comes to high-end bikes. Assembled from parts? It is also an extremely regressive tax.

7.5% on a $200 bike.
0.1% on a $15000 bike.