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2019 Oregon Revised Statutes
Volume : 08 - Revenue and Taxation
Chapter 317A - Corporate Activity Tax
Section 317A.161 - Interest and penalties.
Universal Citation: OR Rev Stat § 317A.161 (2019)
(1) The Department of Revenue may not impose any interest or penalty that would otherwise apply to taxes due if the interest or penalty is based on underpayment or underreporting that results solely from the operation of ORS 317A.100 to 317A.158.
(2) A taxpayer shall pay at least 80 percent of the balance due for any quarter or the department may impose a penalty as provided in ORS 314.400 (3). [2019 c.122 §77]
Note: Section 78, chapter 122, Oregon Laws 2019, provides:
Sec. 78. Section 77 of this 2019 Act [317A.161] applies to tax years beginning on or after January 1, 2020, and before January 1, 2021, and to returns filed on or before April 15, 2021. [2019 c.122 §78]
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