Oregon Statutes 657.823 – Employment Tax Guarantee Fund
(1) There is established in the State Treasury, separate and distinct from the General Fund, the Employment Tax Guarantee Fund. The Employment Tax Guarantee Fund shall consist of:
Terms Used In Oregon Statutes 657.823
- employment: includes service that is:
(a) Subject to the tax imposed by the Federal Unemployment Tax Act; or
(b) Required to be covered under this chapter as a condition for employers to receive a full tax credit against the tax imposed by the Federal Unemployment Tax Act. See Oregon Statutes 657.030
- State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100
(a) Money deposits received under ORS § 657.505 or 657.507; and
(b) Proceeds of bonds posted under ORS § 657.505 or 657.507.
(2) Interest earned on the Employment Tax Guarantee Fund shall be credited to the Employment Department Special Administrative Fund. [1967 c.435 § 14; 1995 c.37 § 6; 2003 c.401 § 2]