Oregon Code § 321.746·Enacted ·Last updated March 01, 2026
Statute Text
Severance tax revenues.
(1) Revenue from the severance tax imposed in western Oregon under ORS 321.726
shall be paid over by the Department of Revenue to the State Treasurer and
deposited in a suspense account established under ORS 293.445. After the
payment of refunds, the balance of the suspense account shall be transferred to
the Western Oregon Timber Severance Tax Fund established under ORS 321.751.
(2) Revenue from
the severance tax imposed in eastern Oregon under ORS 321.726 shall be paid
over by the Department of Revenue to the State Treasurer and deposited in a
suspense account established under ORS 293.445. After the payment of refunds,
the balance of the suspense account shall be transferred to the Eastern Oregon
Timber Severance Tax Fund established under ORS 321.754. [2003 c.454 §12]