Oregon Law
Law as of Jan 1, 2026
Chapter contents
118.005Definitions for ORS 118.005 to 118.540 118.007Connection to federal law; meaning of terms 118.009[2003 c.806 §1a; repealed by 2011 c.526 §29] 118.010Imposition and amount of tax in general; Oregon taxable estate; out-of-state property; nonresident decedents; rules 118.013Taxable estate adjustment for Oregon special marital property; rules 118.016Oregon special marital property election; rules; form 118.019[2005 c.124 §4; repealed by 2011 c.526 §29] 118.020[Amended by 1961 c.455 §1; 1963 c.135 §1; 1971 c.652 §1; 1973 c.793 §1; 1977 c.666 §3; 1987 c.293 §67; repealed by 1997 c.99 §24] 118.025[1987 c.646 §12; 1989 c.625 §80; repealed by 1997 c.99 §24] 118.030[Repealed by 1997 c.99 §24] 118.035[1973 c.759 §2; 1975 c.685 §4; 1977 c.666 §4; 1989 c.224 §8; repealed by 1997 c.99 §24] 118.037[1975 c.685 §2; repealed by 1977 c.666 §36] 118.040[Amended by 1959 c.418 §2; 1977 c.666 §5; repealed by 1997 c.99 §24] 118.050[Amended by 1955 c.727 §2; 1963 c.392 §1; 1967 c.485 §1; 1975 c.687 §1; 1977 c.666 §6; repealed by 1997 c.99 §24] 118.060[Repealed by 1997 c.99 §24] 118.070[Amended by 1955 c.727 §3; 1959 c.418 §3; 1961 c.455 §2; 1963 c.283 §1; 1965 c.470 §2; 1969 c.493 §74; 1973 c.132 §1; 1973 c.299 §1; 1973 c.703 §1; 1975 c.762 §2; 1977 c.666 §7; 1983 c.632 §1; repealed by 1997 c.99 §24] 118.075[1963 c.435 §6; 1969 c.493 §75; repealed by 1977 c.666 §36] 118.080[Amended by 1959 c.418 §4; 1961 c.455 §3; 1973 c.703 §2; 1975 c.762 §3; 1977 c.666 §8; repealed by 1997 c.99 §24] 118.085[1971 c.593 §2; repealed by 1997 c.99 §24] 118.090[Amended by 1963 c.68 §1; 1977 c.666 §16; repealed by 1997 c.99 §24] 118.095[1969 c.112 §1; repealed by 1977 c.666 §36] 118.100Time for filing return and paying tax; refunds; interest; effects of change in federal estate tax return or special valuation disqualification 118.110[Amended by 1953 c.704 §1; 1961 c.455 §4; 1973 c.268 §1; 1975 c.685 §5; 1977 c.666 §10; 1979 c.582 §2; repealed by 1997 c.99 §24] 118.120Qualified family-owned business interests; additional tax 118.140Credit based upon value of natural resource property; rules 118.145Natural resource property exempted 118.150[Formerly 118.640; 1971 c.652 §2; 1973 c.498 §1; 1975 c.762 §4; 1977 c.666 §11; 1985 c.761 §1; repealed by 1997 c.99 §24] 118.152Credit allowed for use of small forest owner minimum option 118.155[1973 c.503 §13; 1975 c.762 §5; 1977 c.666 §11a; 1979 c.553 §12; 1981 c.804 §70; 1991 c.459 §341; repealed by 1997 c.99 §24] 118.160When tax return is required; lists of property transfers and other data 118.165Notice of deficiency 118.170[1969 c.591 §221; 1971 c.567 §6; repealed by 1977 c.870 §16 (118.171 enacted in lieu of 118.170)] 118.171Application of ORS chapter 305 118.180[Formerly 118.700; 1971 c.567 §7; 1973 c.100 §1; 1975 c.762 §6; repealed by 1977 c.870 §16 (118.171 enacted in lieu of 118.180)] 118.190[1973 c.100 §2; repealed by 1977 c.870 §59] 118.210Liability for tax 118.220[Amended by 1973 c.254 §1; 1975 c.762 §7; 1977 c.666 §13; 1997 c.99 §9; repealed by 2011 c.526 §29] 118.225Extension of time for payment 118.227Time period for refund 118.230Lien of tax; liability for payment; assessment and collection of taxes 118.240[Amended by 1973 c.254 §2; 1997 c.99 §11; repealed by 2011 c.526 §29] 118.250To whom tax payable; issuing receipts 118.260Penalties for delinquency, failure to file and fraud; interest; deposit where tax not determined 118.265Application for determination of tax due; discharge from personal liability; rules 118.270Property from which tax is collectible 118.280Power to sell for payment of tax; tax lien transferred to proceeds when property of estate sold or mortgaged 118.290Duty of recipient when legacy payable out of property; legacy for limited period 118.300Deferred payment election; bond or letter of credit 118.310Transfer of stock or obligations by foreign representative or trustee; payment of tax prior to transfer 118.320[Amended by 1969 c.178 §1; 1973 c.254 §4; 1975 c.762 §11; 1985 c.85 §6; repealed by 1987 c.646 §9] 118.330[Amended by 1969 c.178 §2; repealed by 1975 c.762 §19] 118.340[Amended by 1973 c.254 §5; repealed by 1975 c.762 §19] 118.350Compromise and compounding tax; approval by court; proceedings in case of actions or suits involving title to real property 118.360[Amended by 1959 c.273 §2; repealed by 1977 c.870 §16 (118.171 enacted in lieu of 118.360)] 118.370[Amended by 1955 c.727 §5; 1959 c.273 §3; 1971 c.567 §9; repealed by 1985 c.85 §13] 118.380[Amended by 1959 c.273 §4; 1967 c.162 §1; repealed by 1971 c.652 §4] 118.390[Amended by 1971 c.296 §1; 1971 c.621 §24; repealed by 1973 c.254 §6] 118.410Jurisdiction of tax cases 118.420[Amended by 1963 c.68 §2; 1967 c.132 §1; repealed by 1969 c.591 §305] 118.440[Amended by 1961 c.455 §6; 1973 c.338 §1; 1979 c.516 §1; repealed by 1985 c.565 §10c] 118.450[1967 c.161 §1; 1973 c.254 §7; 1975 c.593 §3; repealed by 1997 c.99 §24] 118.460[Amended by 1975 c.762 §12; repealed by 1979 c.516 §6] 118.470[Amended by 1955 c.727 §6; 1973 c.254 §8; repealed by 2011 c.526 §29] 118.480[Repealed by 1975 c.762 §19] 118.490[Repealed by 1981 c.705 §8] 118.500[Repealed by 1969 c.591 §305] 118.510Disposition of revenues 118.520[Repealed by 1959 c.273 §8] 118.525Disclosure of return information 118.535Appraisal by department; costs 118.540Department agreements with taxing officials of other states 118.610[Amended by 1967 c.131 §1; repealed by 1969 c.591 §305] 118.620[Repealed by 1969 c.591 §305] 118.630[Amended by 1963 c.68 §3; repealed by 1969 c.591 §305] 118.640[Amended by 1961 c.455 §7; 1969 c.591 §218; renumbered 118.150] 118.650[Amended by 1959 c.273 §5; 1963 c.68 §4; 1967 c.133 §1; repealed by 1969 c.591 §305] 118.660[Amended by 1955 c.727 §7; 1963 c.68 §5; 1969 c.111 §1; 1969 c.591 §219; renumbered 118.160] 118.670[Repealed by 1969 c.591 §305] 118.680[Amended by 1963 c.68 §6; repealed by 1969 c.591 §305] 118.690[Repealed by 1969 c.591 §305] 118.700[Amended by 1963 c.68 §7; 1969 c.198 §58; 1969 c.591 §222; renumbered 118.180] 118.810[Repealed by 2011 c.526 §29] 118.820[Repealed by 2011 c.526 §29] 118.830[Amended by 2003 c.576 §382; 2009 c.33 §3; repealed by 2011 c.526 §29] 118.840[Repealed by 2011 c.526 §29] 118.855[1959 c.573 §1; repealed by 2011 c.526 §29] 118.860[1959 c.573 §2; 1991 c.249 §16; repealed by 2011 c.526 §29] 118.865[1959 c.573 §§3,5; 1987 c.758 §9; repealed by 2011 c.526 §29] 118.870[1959 c.573 §4; 2009 c.33 §4; repealed by 2011 c.526 §29] 118.875[1959 c.573 §6; 1975 c.593 §4; repealed by 2011 c.526 §29] 118.880[1959 c.573 §7; repealed by 2011 c.526 §29] 118.990Penalties

Chapter 118 — Estate Tax

ORS 118.152 Credit allowed for use of small forest owner minimum option

(1)

The definitions in ORS 315.124 apply to this section.

(2)

If, at the date of death, a decedent held the certification for a credit under ORS 315.124, the estate of the decedent shall be allowed a credit for use of the small forest owner minimum option, as provided in ORS 315.124, to the extent that the credit has not been used to offset income taxes.

(3)

If the forest conservation area for which a credit under ORS 315.124 was allowed is contained in the decedent’s estate, and if the timber in the forest conservation area is subsequently harvested or otherwise removed in violation of the harvest restriction recorded for the forest conservation area, the Department of Revenue may impose additional tax, interest and penalties under ORS 118.005 to 118.540. The additional tax liability shall be the amount of credit used against the decedent’s taxable estate.

(4)

The estate shall provide notice of the amount of credit received to the heirs or devisees, who will maintain records of the credit used.

(5)

Any unused amount of credit may be distributed to the heirs or devisees for use as a credit against the taxes imposed under ORS chapter 316, 317 or 318.

Note: 118.152 was added to and made a part of ORS chapter 118 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.

Official sources · 2Tap to view provenance and version history

Online copy of the published ORS edition

Provenance

Version history

Earlier statutory text is available in an ingested published ORS edition.