Oregon Revised Statutes Chapter 462 § 462.150 — Regulation of underpayments; effect of tax
Oregon Revised Statutes Chapter 462 ·
Oregon Code § 462.150·Enacted ·Last updated March 01, 2026
Statute Text
Regulation of underpayments; effect of tax.
(1) If during any race meet conducted under this
chapter, there is an underpayment of the amount actually due to any wagerer,
the amount of such underpayment shall revert and belong to the state and be
paid to the Oregon Racing Commission and become a part of its fund and shall
not be retained by the licensee under whose license such race is held.
(2) However, if
any government or governmental agency imposes a levy on the licensee, by a tax
on the money so wagered and upon or against its receipts, the licensee may
collect in addition to the percentage and the breaks allowed under ORS 462.140,
the amount of the tax so levied. [Amended by 1969 c.356 §20; 2007 c.71 §145]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 462.150
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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