Oregon Revised Statutes Chapter 118 § 118.225 — Extension of time for payment
Oregon Revised Statutes Chapter 118 ·
Oregon Code § 118.225·Enacted ·Last updated March 01, 2026
Statute Text
Extension of time for payment.
(1) Upon application of the executor and the securing of all taxes that are
payable by bond, deposit or other good collateral acceptable to the Department
of Revenue, the department may extend the time for payment of any part of the
amount imposed by ORS 118.005 to 118.540.
(2) The extension
under this section shall be for a period not in excess of 14 years from the
date prescribed by ORS 118.100 for payment of the tax.
(3) Under rules
prescribed by the department, the department may extend the time for the
payment of any deficiency of a tax imposed by ORS 118.005 to 118.540 for a
reasonable period not to exceed four years from the date otherwise fixed for
the payment of the deficiency. [1977 c.666 §13d; 1997 c.99 §10; 2011 c.526 §10]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 118.225
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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