Chapter 111 Oregon Laws 2001

AN ACT

HB 2677

Relating to tax refunds.

Be It Enacted by the People of the State of Oregon:

SECTION 1. Section 2 of this 2001 Act is added to and made a part of ORS chapter 305.

SECTION 2. (1) At the election of the taxpayer, a refund of personal income tax shall be made by direct deposit into an account designated by the taxpayer at a bank or other financial institution.

(2) The election shall be made on a form prescribed by the Department of Revenue and filed with the taxpayer’s tax return for the tax year or at such other time and manner as the department may prescribe by rule.

SECTION 3. Section 2 of this 2001 Act applies to refunds of personal income tax allowed for a tax year beginning on or after January 1, 2002. This section does not prohibit a direct deposit refund of personal income tax from a tax year beginning before January 1, 2002.

Approved by the Governor April 23, 2001

Filed in the office of Secretary of State April 23, 2001

Effective date January 1, 2002

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