OAR 150-305-0194: “Deficiency” Defined
Edition: Current OARD snapshotEffective: 2016-09-01Last verified: 2026-09-07
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.
Official history and status
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
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Official source: https://secure.sos.state.or.us/oard/