(1) The net revenue from the tax imposed by this chapter, after deducting refunds and amounts described in ORS § 285B.630, 285C.635 and 305.231, shall be paid over to the State Treasurer and held in the General Fund as miscellaneous receipts available generally to meet any expense or obligation of the State of Oregon lawfully incurred.

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Terms Used In Oregon Statutes 316.502

  • Department: means the Department of Revenue. See Oregon Statutes 316.022
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

(2) A working balance of unreceipted revenue from the tax imposed by this chapter may be retained for the payment of refunds, but such working balance shall not at the close of any fiscal year exceed the sum of $1 million.

(3) Moneys are continuously appropriated to the Department of Revenue to make:

(a) The refunds authorized under subsection (2) of this section; and

(b) The refund payments in excess of tax liability authorized under ORS § 315.133, 315.174, 315.262, 315.264, 315.266, 315.273, 315.519 and 316.090 and section 3, chapter 589, Oregon Laws 2021. [1969 c.493 § 70; 1977 c.761 § 2; 2003 c.473 § 12; 2005 c.826 4,4a; 2005 c.832 55,60; 2007 c.843 84,85,86,87; 2007 c.868 6,6a,7,7a; 2007 c.906 19,19a,20,20a; 2011 c.83 § 17; 2013 c.722 § 53; 2013 c.750 § 47; 2013 c.763 § 7; 2015 c.701 § 4; 2021 c.589 § 9; 2022 c.115 § 13; 2023 c.298 § 9; 2023 c.538 § 8; 2023 c.602 § 47a]

 

[1953 c.304 § 55; 1953 c.552 § 13; 1955 c.596 § 3; subsection (3) derived from 1955 c.596 § 4; 1957 c.586 § 3; 1963 c.627 § 16 (referred and rejected); repealed by 1969 c.493 § 99]

 

[1953 c.304 § 56; 1957 c.586 § 4; repealed by 1969 c.493 § 99]

 

[1965 c.592 § 2; repealed by 1969 c.493 § 99]

 

[1965 c.592 § 3; repealed by 1969 c.493 § 99]

 

[1953 c.304 § 57; repealed by 1969 c.493 § 99]

 

[1953 c.304 § 58; repealed by 1957 c.632 § 1 (314.355 enacted in lieu of 316.520)]

 

[1953 c.304 § 59; repealed by 1969 c.493 § 99]

 

[1953 c.304 § 60; repealed by 1969 c.493 § 99]

 

[1953 c.304 § 61; repealed by 1957 c.632 § 1 (314.360 enacted in lieu of 316.535)]

 

[1953 c.304 § 62; repealed by 1969 c.493 § 99]

 

[1953 c.304 § 63; repealed by 1957 c.632 § 1 (314.385 enacted in lieu of 316.545 and 317.355)]

 

[1953 c.304 § 64; repealed by 1957 c.632 § 1 (314.365 enacted in lieu of 316.550 and 317.365)]

 

[1953 c.304 § 65; repealed by 1957 c.632 § 1 (314.370 enacted in lieu of 316.555)]

 

PAYMENT OF ESTIMATED TAXES

 

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