(1) The revenue from the taxes levied by ORS § 321.005 to 321.185 and 321.560 to 321.600 shall be remitted to the State Treasurer who shall deposit it in a suspense account established under the provisions of ORS § 293.445.

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(2) Notwithstanding the provisions of ORS § 291.238, the amount of moneys necessary to pay refunds of the taxes levied under ORS § 321.015 (1) to (4) hereby is appropriated continuously to the Department of Revenue from the suspense account referred to in subsection (1) of this section, and shall be used by the department for the payment of all refunds of taxes levied under ORS § 321.015 (1) to (4) that have been audited and approved by the department. Any penalties, interest and taxes then due from the taxpayer shall be applied in that order in computing any refund, and only the balance due the taxpayer, if any, shall be refunded. The department shall on its records charge each refund against the revenue from the tax with respect to which the refund is made. [1953 c.375 § 16; 1957 c.309 § 4; 1957 c.528 § 6; 1961 c.270 § 1; 1985 c.759 § 16; 1999 c.968 § 3; 2003 c.769 § 3; 2013 c.639 § 3]

[Repealed by 1953 c.375 § 38]