Oregon Revised Statutes Chapter 311 § 311.676 — State
Oregon Revised Statutes Chapter 311 ·
Oregon Code § 311.676·Enacted ·Last updated March 01, 2026
Statute Text
State
to pay counties amount equivalent to deferred taxes.
(1) Upon determining the amount of
deferred taxes on tax-deferred property for the tax year, subject to available
funds, the Department of Revenue shall pay to the respective county tax
collectors an amount equivalent to the deferred taxes, less three percent, from
the revolving account established under ORS 311.701.
(2) The
department shall maintain accounts for each deferred property and shall accrue
interest only on the actual amount of taxes advanced to the county. [1963 c.569
§24; 1967 c.335 §35; 1967 c.494 §1; 1971 c.572 §2; 1977 c.160 §6; 1979 c.678 §2;
1980 c.19 §8; 1983 c.550 §14; 1999 c.1097 §4; 2001 c.184 §2; 2001 c.753 §27;
2011 c.723 §6]
Plain English Explanation
This Oregon statute addresses State
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 311.676
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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