Source: https://www.oregonlaws.org/ors/2007/321.045
Timestamp: 2020-05-30 10:55:58
Document Index: 99981932

Matched Legal Cases: ['§5', '§1', '§1', '§12', '§1', '§274', '§5', '§101']

ORS 321.045 - Payment of tax - 2007 Oregon Revised Statutes
2007 ORS Vol. 8 Chapter 321 Section 321.045
ORS 321.045¹
(1) The taxes levied under ORS 321.015 (Levy of privilege tax upon harvest of timber for forest research, fire suppression and administering Oregon Forest Practices Act) shall be due and payable annually, on or before the last day of January, for the preceding year. The tax shall be delinquent if not paid by the due date, which shall be determined without regard to any extension of time for filing the return.
(4) Each taxpayer expecting to incur a liability pursuant to this section in excess of $1,500 for any calendar year shall, on forms prescribed by the Department of Revenue, make and file with the department on or before the last day of the month following the end of each calendar quarter an estimate of the taxpayer’s tax liability for the year. At least one-quarter of the estimated tax shall be remitted to the department with each estimated tax report and the balance shall be remitted to the department on or before the due date of the tax return required by subsection (2) of this section, without regard for any extension of the due date thereof.
(5) If the amount remitted with an estimated tax report filed on or before the due date thereof is at least 25 percent of the tax of the taxpayer as due for the calendar year preceding the year for which the report is made or at least 20 percent of the taxpayer’s tax liability as due for the year for which the report is made, or 100 percent of the tax liability on the actual merchantable forest products harvested for the calendar quarter preceding the due date of the estimated tax report, no penalty or interest shall be charged. Otherwise a penalty in the form of interest at the rate established under ORS 305.220 (Interest on deficiency, delinquency or refunds) for each month or fraction thereof shall be assessed for the period of delinquency calculated on the difference between the payment made and the payment that would have been due had the taxpayer estimated the liability for the quarter in an amount equal to the liability as due for such quarter. The provisions of ORS chapters 305 and 314 relating to penalties and interest shall not apply to the estimated tax payments described in this section. [1953 c.375 §§5,6; 1965 c.331 §1; 1981 c.363 §1; 1982 s.s.1 c.16 §12; 1989 c.588 §1; 1991 c.459 §274; 1993 c.653 §5; 2005 c.94 §101]
Where lumber company was re­quired to pay forest products harvest tax on harvest of "cull logs," company was ordered to determine salable percentage of harvest and file returns under this sec­tion. Ellingson Lumber Co. v. Dept. of Rev., 8 OTR 273 (1980)