Oregon Code § 321.754·Enacted ·Last updated March 01, 2026
Statute Text
Eastern Oregon Timber Severance Tax Fund; revenue distribution.
(1) The Eastern Oregon Timber
Severance Tax Fund is established in the State Treasury, separate and distinct
from the General Fund. Interest earned by the Eastern Oregon Timber Severance
Tax Fund shall be retained by the Eastern Oregon Timber Severance Tax Fund.
(2) Moneys are
continuously appropriated from the Eastern Oregon Timber Severance Tax Fund for
use in reimbursing the General Fund for expenses incurred in the collection of
taxes imposed under ORS 321.700 to 321.754.
(3) A working
balance may be retained in the Eastern Oregon Timber Severance Tax Fund for the
payment of expenses described in subsection (2) of this section. The balance of
the Eastern Oregon Timber Severance Tax Fund, as of June 1 of each calendar
year, shall be distributed as follows:
(a) 60.5 percent
to the State School Fund established under ORS 327.008. A distribution made
under this paragraph shall be made on or before June 15 of the year.
(b) 4.5 percent
to the Community College Support Fund established under ORS 341.620. A
distribution made under this paragraph shall be made on or before June 15 of
the year.
(c) 35 percent to
the Department of Revenue for further distribution to the counties of this
state that are located in eastern Oregon. Moneys distributed to the department
under this paragraph are continuously appropriated to the department for the
purpose of making the payments to counties described in this paragraph. A
distribution to the department made under this paragraph shall be made on or
before August 15 of the year. Each countys share of the distribution made
under this paragraph shall equal the proportion of the assessed value of all
small tract forestland in eastern Oregon that is located in that county. A
distribution made by the department to a county under this paragraph shall be
deposited in the county general fund. [2003 c.454 §14; 2025 c.321 §2]