Oregon Revised Statutes Chapter 314 § 314.505 — Estimate of tax liability by corporations; rules
Oregon Revised Statutes Chapter 314 ·
Oregon Code § 314.505·Enacted ·Last updated March 01, 2026
Statute Text
Estimate of tax liability by corporations; rules.
(1) Every corporation expecting to
have a tax liability under either ORS chapter 317 or 318 of $500 or more shall
make an estimate of tax liability for the corporations tax year and pay the
amount of tax determined as provided in ORS 314.515.
(2) The
Department of Revenue shall by rule provide for the payment of estimated tax
liability by a group of affiliated corporations filing a consolidated return.
(3) As used in
ORS 314.505 to 314.525, the term estimated tax liability means the tax
computed under ORS chapter 317 or 318 less the credits allowed for purposes of
ORS chapter 317 or 318. [1973 c.292 §1; 1984 c.1 §16; 1993 c.730 §41; 1997
c.299 §5]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 314.505
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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