Oregon § 323.607 Time limit for issuing notice of deficiency for substantial reported understatement of gross purchases net of discounts

Oregon Statutes

§ 323.607 — Time limit for issuing notice of deficiency for substantial reported understatement of gross purchases net of discounts

Oregon § 323.607

Vol.8

Title 29Revenue and Taxation

Ch. 323Cigarettes and Tobacco Products

This text of Oregon § 323.607 (Time limit for issuing notice of deficiency for substantial reported understatement of gross purchases net of discounts) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 323.607 (2026).

Text

If the Department of Revenue finds that an amount of gross purchases net of discounts equal to 25 percent or more of the gross purchases net of discounts as reported on the taxpayer’s tobacco products tax return has been omitted from the return, the department may give notice of deficiency as prescribed in ORS 305.265 at any time within five years after the date the return was due or filed, whichever is later.

Free access — add to your briefcase to read the full text and ask questions with AI

If the Department of Revenue finds that an amount of gross purchases net of discounts equal to 25 percent or more of the gross purchases net of discounts as reported on the taxpayer’s tobacco products tax return has been omitted from the return, the department may give notice of deficiency as prescribed in ORS 305.265 at any time within five years after the date the return was due or filed, whichever is later.