ORS 317A.137
Returns

  • payment
  • rules

(1)

For purposes of the corporate activity tax imposed under ORS 317A.116 (Corporate activity tax imposed on commercial activity), every person doing business in this state with commercial activity for the tax year in excess of $1 million shall file an annual return not later than the 15th day of the fourth month following the end of the tax year. The return must be filed with the Department of Revenue in a form prescribed by the department.

(2)

The corporate activity tax imposed under ORS 317A.116 (Corporate activity tax imposed on commercial activity) is due and estimated tax payments for the previous quarter are payable to the department on or before the 4th, 7th and 10th months of the tax year and the first month immediately following the end of the tax year.

(3)

The department may by rule extend the time for making any return for good cause. If the time for filing a return is extended at the request of a taxpayer, interest on any unpaid tax at the rate established under ORS 305.220 (Interest on deficiency, delinquency or refunds) from the time the return was originally required to be filed to the time of payment, shall be added and paid. [2019 c.122 §70; 2019 c.579 §56; 2021 c.572 §10]
Note: Sections 1 and 2, chapter 572, Oregon Laws 2021, provide:
Sec. 1. Section 2 of this 2021 Act is added to and made a part of ORS 317A.100 (Definitions) to 317A.158 (Local taxes preempted). [2021 c.572 §1]
Sec. 2. Short year tax return required for certain taxpayers. (1) For the 2021 calendar year, taxpayers using a federal tax year other than the calendar year, pursuant to section 441 of the Internal Revenue Code or under rules adopted by the Department of Revenue, must register with the department and file a short year tax return.

(2)

The short year tax return required under this section is applicable to a period starting January 1, 2021, and ending on the last day of the taxpayer’s federal tax year that ends in calendar year 2021. A taxpayer subject to the short year registration and filing requirement shall prorate, for the number of days to which the short year tax return is applicable, the commercial activity threshold of $750,000 provided in ORS 317A.100 (Definitions), 317A.116 (Corporate activity tax imposed on commercial activity) and 317A.131 (Registration), the tax rate threshold of $1 million provided in ORS 317A.125 (Rate of taxation) and 317A.137 (Returns) and the subtraction amount allowed in ORS 317A.119 (Subtraction).

(3)

A taxpayer shall file the 2021 short year tax return required under this section no later than April 15, 2022.

(4)

The department may adopt rules necessary to carry out the provisions of fiscal year filing and short year tax returns, including policies and procedures for payment methods, due dates, timelines, forms, proration methods and reconciling accounting inconsistencies between tax years. [2021 c.572 §2]

Source: Section 317A.137 — Returns; payment; rules, https://www.­oregonlegislature.­gov/bills_laws/ors/ors317A.­html.

Green check means up to date. Up to date

Current through early 2024

§ 317A.137’s source at oregon​.gov