All heirs, legatees, devisees, administrators, executors and trustees, and any grantee or donee under a conveyance or gift made during the grantor‘s or donor‘s life if the conveyance or gift is subject to tax under ORS § 118.010, are, respectively, liable for any and all taxes mentioned in ORS § 118.010, with interest thereon, until the same have been paid as in ORS § 118.005 to 118.540 provided.

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Terms Used In Oregon Statutes 118.210

  • Donee: The recipient of a gift.
  • Donor: The person who makes a gift.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grantor: The person who establishes a trust and places property into it.

 

[Amended by 1973 c.254 § 1; 1975 c.762 § 7; 1977 c.666 § 13; 1997 c.99 § 9; repealed by 2011 c.526 § 29]

 

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