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Oregon Revised Statutes

Or. Rev. Stat. § 323.195 (2026)

Penalty for nonpayment of credit purchase; interest

✓ current as of May 2026
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      323.195 Penalty for nonpayment of credit purchase; interest. Any distributor who fails to pay any amount owing to the purchase of stamps within the time required, shall pay a penalty of 10 percent of the amount due in addition to the amount plus interest at the rate established under ORS 305.220 from the date on which the amount became due and payable until the date of payment. [1965 c.525 §52; 1982 s.s.1 c.16 §17; 1999 c.62 §9; 2017 c.278 §15]

 

(Administration)

Notes of Decisions
Cited in 1 case, 1975–1975 · leading case: Bryant v. Dep't of Revenue, 6 Or. Tax 559 (Or. T.C. 1975).
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Bryant v. Dep't of Revenue, 6 Or. Tax 559 (Or. T.C. 1975). “ORS chapter 323, the cigarette tax, provides in ORS 323.195 and 323.315 for the imposition of interest on late payments for tax stamps at the rate of one-half of one percent per month.”
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