Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 294 - LOCAL BUDGET
Section 150-294-0150 - Calculation of Interest on Late Payments
Universal Citation: OR Admin Rules 150-294-0150
Current through Register Vol. 63, No. 9, September 1, 2024
The interest rate calculation must be carried out a minimum of seven places to the right of the decimal point and rounded back to six places to the right of the decimal point. When rounding back to the sixth place, all numbers five and above increase the sixth place by one; all numbers four or less have no effect on the sixth place number.
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 294.187
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