An individual filing a new claim for benefits under this chapter shall, at the time the claim is filed with the Employment Department, be advised that:
(1) Benefits are subject to federal and state income tax;
(2) Federal and state law may require that a recipient of benefits make quarterly estimated tax payments during the tax year in which the benefits are received;
(3) Federal and state law may impose penalties on a recipient of benefits for the failure to timely make estimated tax payments; and
(4) A recipient of benefits may elect under ORS 657.146 to have amounts withheld from the recipient’s payment of benefits for federal and state income tax purposes at the amount specified in:
(a) The federal Internal Revenue Code for the voluntary withholding of unemployment benefits for federal income tax purposes; and
(b) ORS 657.146 for the voluntary withholding of unemployment benefits for state income tax purposes. [1995 c.556 §54; 1997 c.133 §1]
Section: Previous 657.115 657.117 657.120 657.125 657.130 657.135 657.140 657.144 657.145 657.146 657.148 657.150 657.152 657.155 657.156 NextLast modified: August 7, 2008