ORS 317A.161
Interest and penalties

A taxpayer shall pay at least 90 percent of the balance due for any quarter or the Department of Revenue may impose, for any quarter that this threshold is not met, a penalty of five percent of the underpayment amount, except that the department may not impose a penalty under this subsection for any quarter for which the taxpayer has paid an amount at least equal to the taxpayer’s required installment for the corresponding quarter of the preceding tax year. [2019 c.122 §77; 2020 s.s.1 c.2 §§9,10; 2021 c.572 §§12,13]
Note: Section 78, chapter 122, Oregon Laws 2019, provides:
Sec. 78. (1) The amendments to ORS 317A.161 (Interest and penalties) by section 9, chapter 2, Oregon Laws 2020 (first special session), and section 12 of this 2021 Act apply to tax years beginning on or after January 1, 2020, and before January 1, 2022.

(2)

The amendments to ORS 317A.161 (Interest and penalties) by section 10, chapter 2, Oregon Laws 2020 (first special session), and section 13 of this 2021 Act apply to tax years beginning on or after January 1, 2022. [2019 c.122 §78; 2020 s.s.1 c.2 §11; 2021 c.572 §14]

Source: Section 317A.161 — Interest and penalties, https://www.­oregonlegislature.­gov/bills_laws/ors/ors317A.­html.

Green check means up to date. Up to date

Current through early 2024

§ 317A.161’s source at oregon​.gov