2013 ORS § 731.822¹
Prepayment of tax due

(1) Every insurer with a tax obligation under section 2, chapter 786, Oregon Laws 1995, ORS 731.820 (Gross premium tax on fire insurance premiums) or ORS 731.854 (Retaliatory tax) and 731.859 (Applicability of retaliatory provisions) shall make prepayment of the tax obligations under section 2, chapter 786, Oregon Laws 1995, ORS 731.820 (Gross premium tax on fire insurance premiums), 731.854 (Retaliatory tax) and 731.859 (Applicability of retaliatory provisions) for the current calendar years business, if the sum of the tax obligations under section 2, chapter 786, Oregon Laws 1995, ORS 731.820 (Gross premium tax on fire insurance premiums), 731.854 (Retaliatory tax) and 731.859 (Applicability of retaliatory provisions) for the preceding calendar years business is $400 or more.

(2) The Director of the Department of Consumer and Business Services shall credit the prepayment toward the appropriate tax obligations of the insurer for the current calendar year under section 2, chapter 786, Oregon Laws 1995, or ORS 731.820 (Gross premium tax on fire insurance premiums) or ORS 731.854 (Retaliatory tax) and 731.859 (Applicability of retaliatory provisions).

(3) The amounts of the prepayments shall be percentages of the insurers tax obligation based on the preceding calendar years business adjusted, if necessary, to reflect the declining percentages set forth in section 2 (3), chapter 786, Oregon Laws 1995, applicable for the current year, and shall be paid to the director by the due dates and in the following amounts:

(a) On or before June 15, 45 percent;

(b) On or before September 15, 25 percent; and

(c) On or before December 15, 25 percent.

(4) The effect of transferring policies of insurance from one insurer to another insurer is to transfer the tax prepayment obligation with respect to such policies.

(5) On or before June 1 of each year, the director shall notify each insurer required to make prepayments in that year of the amount of each prepayment, and shall provide remittance forms to be used by the insurer. However, an insurers responsibility to make prepayments is not affected by failure of the director to send, or the insurer to receive, the notice or forms. [1980 c.10 §2; 1995 c.786 §5]