- (1) When an estimated tax payment is underpaid, as defined in OAR 150-314-0315, interest accrues on the underpaid amount at the rate provided in OAR 150-305-0140 from the due date of the payment to the earlier of the date the tax is paid or the date the tax return is due.
- (2) Interest on underpayment of estimated tax (under ORS 314.525) will not be imposed if the tax on the prior year’s return was not over $10. A large corporation, as defined in ORS 314.525(5), may only use the exception for the first installment required.
- (3) Underpayment interest will not be imposed for a quarter in which the annualized taxable income results in a net annualized tax of $10 or less.
Statutory/Other Authority
ORS 305.100
Statutes/Other Implemented
ORS 314.525
History
Renumbered from 150-314.525(2)-(A), REV 30-2016, f. 8-12-16, cert. ef. 9-1-16
RD 3-1995, f. 12-29-95, cert. ef. 12-31-95
RD 11-1992, f. 12-30-92, cert. ef. 12-31-92
RD 12-1990, f. 12-20-90, cert. ef. 12-31-90
RD 15-1987, f. 12-10-87, cert. ef. 12-31-87
Renumbered from 150-314.525(2)?, RD 12-1985, f. 12-16-85, cert. ef. 12-31-85
RD 7-1983, f. 12-20-83, cert. ef. 12-31-83
TC 9-1981, f. 12-7-81, cert. ef. 12-31-81
1-1-77
12-19-75
9-74