Oregon Code § 305.222·Enacted ·Last updated March 01, 2026
Statute Text
Determination of interest rate.
For purposes of determining the interest rate established under ORS 305.220:
(1) In the case
of a refund of tax ordered by the Oregon Tax Court or the Oregon Supreme Court
and arising under any law administered by the Department of Revenue, if the
refund is not paid by the department within 60 days after the date of the
order, the interest rate provided under ORS 305.220 shall be four percent
greater than the annual interest rate provided under ORS 305.220, but only with
respect to interest periods that begin 61 days after the date the order is
entered.
(2)(a) In the
case of a notice of assessment pursuant to any law administered by the
department, if the deficiency is not paid within 60 days after the date of the
notice of assessment, the interest rate provided under ORS 305.220 shall be
four percent greater than the annual interest rate provided under ORS 305.220,
but only for interest periods that begin 61 days after the date of notice of
assessment.
(b) In the case
of an assessment under ORS 305.265 (12), if the delinquency is not paid within
60 days after the date of the assessment, the interest rate provided under ORS
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 305.222
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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