118.225
Extension of time for payment.
(1) Upon application of the executor and the securing of all taxes that are
payable by bond, deposit or other good collateral acceptable to the Department
of Revenue, the department may extend the time for payment of any part of the
amount imposed by ORS 118.005 to 118.540.
(2) The extension
under this section shall be for a period not in excess of 14 years from the
date prescribed by ORS 118.100 for payment of the tax.
(3) Under rules
prescribed by the department, the department may extend the time for the
payment of any deficiency of a tax imposed by ORS 118.005 to 118.540 for a
reasonable period not to exceed four years from the date otherwise fixed for
the payment of the deficiency. [1977 c.666 §13d; 1997 c.99 §10; 2011 c.526 §10]
Notes of Decisions
Est. of Denton v. Dept. of Revenue, Tc-Md 080566d (or.tax 9-15-2010) (Or. T.C. 2010).
· cites it 13× “) At the time Plaintiff filed its Return, Plaintiff filed a timely election to pay the self-assessed tax in installments, citing ORS 118.225. ( Id. ) On the Return, Plaintiff reported a tax liability of $17,858,578 and a payment on that tax of $4,800,000.”
— Or. Rev. Stat. § 118.225(1) — 1 case
Est. of Denton v. Dept. of Revenue, Tc-Md 080566d (or.tax 9-15-2010) (Or. T.C. 2010).
“) At the time Plaintiff filed its Return, Plaintiff filed a timely election to pay the self-assessed tax in installments, citing ORS 118.225. ( Id. ) On the Return, Plaintiff reported a tax liability of $17,858,578 and a payment on that tax of $4,800,000.”
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