2015 ORS 321.746¹
Severance tax revenues

(1) Revenue from the severance tax imposed in western Oregon under ORS 321.726 (Severance tax upon harvest from small tract forestland) shall be paid over by the Department of Revenue to the State Treasurer and deposited in a suspense account established under ORS 293.445 (Definition for ORS 293.445 to 293.460). After the payment of refunds, the balance of the suspense account shall be transferred to the Western Oregon Timber Severance Tax Fund established under ORS 321.751 (Western Oregon Timber Severance Tax Fund).

(2) Revenue from the severance tax imposed in eastern Oregon under ORS 321.726 (Severance tax upon harvest from small tract forestland) shall be paid over by the Department of Revenue to the State Treasurer and deposited in a suspense account established under ORS 293.445 (Definition for ORS 293.445 to 293.460). After the payment of refunds, the balance of the suspense account shall be transferred to the Eastern Oregon Timber Severance Tax Fund established under ORS 321.754 (Eastern Oregon Timber Severance Tax Fund). [2003 c.454 §12]

Chapter 321

Notes of Decisions

Programs administered by Depart­ment of Revenue that allow preferential assess­ment for farm and forestland are not "programs affecting land use" and are not subject to require­ment of statewide goal and local comprehensive plan compliance under ORS 197.180 (State agency planning responsibilities). Springer v. LCDC, 111 Or App 262, 826 P2d 54 (1992), Sup Ct review denied

Atty. Gen. Opinions

Validity of ad valorem and severance taxa­tion of logs destined for export, (1975) Vol 37, p 427

Law Review Cita­tions

16 WLR 397 (1979)


1 Legislative Counsel Committee, CHAPTER 321—Timber and Forestland Taxation, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors321.­html (2015) (last ac­cessed Jul. 16, 2016).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2015, Chapter 321, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano321.­html (2015) (last ac­cessed Jul. 16, 2016).
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.