Or. Admin. Code § 150-305-0194

Current through Register Vol. 63, No. 10, October 1, 2024

Section 150-305-0194 - "Deficiency" Defined

A deficiency is the amount by which the tax as correctly computed exceeds the tax, if any, reported by the taxpayer. If, after the original deficiency has been assessed, subsequent information shows the correct amount of tax to be greater than previously determined, an additional deficiency arises.

Or. Admin. Code § 150-305-0194

12-31-77; RD 12-1984, f. 12-5-84, cert. ef. 12-31-84, Renumbered from 150-305.265(2); Renumbered from 150-305.265(2)-(A), REV 47-2016, f. 8-13-16, cert. ef. 9/1/2016

Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 305.265