ORS 314.505: Estimate of tax liability by corporations; rules.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(1) Every corporation expecting to have a tax liability under either ORS chapter 317 or 318 of $500 or more shall make an estimate of tax liability for the corporation’s tax year and pay the amount of tax determined as provided in ORS 314.515. (2) The Department of Revenue shall by rule provide for the payment of estimated tax liability by a group of affiliated corporations filing a consolidated return. (3) As used in ORS 314.505 to 314.525, the term “estimated tax liability” means the tax computed under ORS chapter 317 or 318 less the credits allowed for purposes of ORS chapter 317 or 318. [1973 c.292 §1; 1984 c.1 §16; 1993 c.730 §41; 1997 c.299 §5]
Administrative rules citing this section
- OAR 150-314-0290: Estimated Tax: When Estimates Are Required; Refunds Prior to Filing of Return — implements
- OAR 150-314-0292: Estimated Tax: When Estimates Are Required For Tax Exempt Corporations — implements
- OAR 150-314-0294: Estimated Tax: Affiliated Corporations — implements
- OAR 150-317-1320: Estimated Tax: Unitary Groups and Apportioned Returns — implements
This rule cites
- ORS chapter 317 — target_record_not_published
- ORS 314.515 — resolved
- ORS 314.505 — resolved
- 314.525 — resolved
Cited by
- ORS 314.415: Refunds; interest; credits.
- ORS 314.515: Installment schedule for payment of estimated tax.
- ORS 314.518: Estimated tax payments by electronic funds transfer; phase-in; rules.
- ORS 314.520: State agency authority over certain electronic funds transfer payments.
- ORS 314.525: Underpayment of estimated tax; interest; nonapplicability of penalties.
- ORS 315.068: Claim of right income repayment adjustments.
- OAR 150-314-0515: Oregon Composite Tax Return
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors314.html