(1) For tax years beginning on or after January 1, 2013, and before January 1, 2017, any revenue that is received as a result of a rate of tax above 7.5 percent imposed under this chapter and that is in excess of the revenue that would be received under this chapter at a rate of 7.5 percent shall be deposited into the Oregon Rainy Day Fund established by ORS § 293.144.

(2) For tax years beginning on or after January 1, 2017, any revenue that is received as a result of a rate of tax above 7.2 percent imposed under this chapter and that is in excess of the revenue that would be received under this chapter at a rate of 7.2 percent shall be deposited into the Oregon Rainy Day Fund established by ORS § 293.144.

(3) Before the end of each biennium, beginning with the biennium ending on June 30, 2015, the Department of Revenue shall estimate the revenue described in subsection (1) or (2) of this section that is received during the biennium. An amount equal to that estimate shall be transferred into the Oregon Rainy Day Fund established by ORS § 293.144 on or before June 30 of each odd-numbered year. [2009 c.747 § 4; 2013 s.s. c.5 § 9]

[1981 c.720 § 20; repealed by 1993 c.730 § 9 (315.134 enacted in lieu of 316.084, 317.133 and 318.080)]

[1991 c.859 § 7; repealed by 1993 c.730 § 27 (315.254 enacted in lieu of 316.151, 317.141 and 318.085)]

[1981 c.778 § 38; repealed by 2003 c.46 § 45]

[1983 c.162 § 49; repealed by 1995 c.79 § 172]

[1985 c.438 § 6; repealed by 1993 c.730 § 13 (315.148 enacted in lieu of 316.098, 317.150 and 318.102)]

[1985 c.521 § 5; repealed by 1993 c.730 § 17 (315.156 enacted in lieu of 316.091, 317.148 and 318.104)]