(1) A corporation required to make a payment of estimated tax under ORS 314.505 to 314.525 shall make the payment by means of electronic funds transfer if:
(a) For payment periods beginning on or after July 1, 2001, and before January 1, 2002, the corporation’s annual total amount of estimated tax liability exceeds $50,000.
(b) For payment periods beginning on or after January 1, 2002, the corporation is required to make federal estimated tax payments electronically.
(2) The Department of Revenue may adopt rules that provide exemptions from the requirement that estimated tax be paid by electronic funds transfer when the taxpayer is disadvantaged by required payment by electronic funds transfer.
(3) The Department of Revenue may accept electronically filed payments voluntarily submitted by a corporation that is not required to pay by means of electronic funds transfer.
(4) As used in this section, “electronic funds transfer” has the meaning given that term in ORS 293.525. [1997 c.299 §4; 1999 c.21 §35; 2001 c.28 §5; 2001 c.114 §30]
Section: Previous 314.460 314.465 314.466 314.469 314.470 314.505 314.515 314.518 314.520 314.525 314.605 314.606 314.610 314.615 314.620 NextLast modified: August 7, 2008