(1) Every tax imposed by ORS § 118.005 to 118.540 is a lien upon the property embraced in any inheritance, devise, bequest, legacy or gift until paid, and the person to whom such property is transferred, and the personal representatives and trustees of every estate embracing such property are personally liable for such tax until its payment, to the extent of the value of such property.

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Terms Used In Oregon Statutes 118.230

  • Bequest: Property gifted by will.
  • Devise: To gift property by will.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Legacy: A gift of property made by will.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100

(2) Taxes imposed under ORS § 118.005 to 118.540 may be assessed and collected by the Department of Revenue in the same manner as income taxes are assessed and collected under ORS Chapter 314. The department may issue a warrant as provided in ORS § 314.430 and record the warrant in the County Clerk Lien Record maintained under ORS § 205.130. A warrant issued under this section has the same force and effect as a warrant issued under ORS § 314.430. [Amended by 1969 c.591 § 214; 1975 c.762 § 8; 1977 c.870 § 26; 1985 c.85 § 4; 1987 c.758 § 5; 2003 c.806 § 8]

 

[Amended by 1973 c.254 § 2; 1997 c.99 § 11; repealed by 2011 c.526 § 29]

 

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