A deficiency is the amount by which the tax as correctly computed exceeds the tax, if any, reported by the taxpayer. If, after the original deficiency has been assessed, subsequent information shows the correct amount of tax to be greater than previously determined, an additional deficiency arises.

Statutory/Other Authority

ORS 305.100

Statutes/Other Implemented

ORS 305.265

History

Renumbered from 150-305.265(2)-(A), REV 47-2016, f. 8-13-16, cert. ef. 9-1-16
RD 12-1984, f. 12-5-84, cert. ef. 12-31-84, Renumbered from 150-305.265(2)
12-31-77