OAR 735-170-0130: Motor Vehicle Fuel Tax Credit of Interest on Tax Overpayments

(1) The Department may allow interest credit for overpayments of motor vehicle fuel tax up to the amount of interest paid for underpayments of tax during any given audit period. (2) For purposes of ORS 319.180(5)(b) and this rule, “any given audit period” means the time period from the last day of the immediate prior audit period up to the present. If there is no prior audit, “any given audit period” means a period not to exceed three years from the current date. (3) Any interest payments made on underpayments of tax from a prior audit period will not be: (a) Considered as interest on overpayments in the current audit period; or (b) Subject to credit under ORS 319.180(5)(b).