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            2022 Form OR-706-R
6           Page 1 of 2, 150-104-007                     Oregon Department of Revenue     17572201010000                                                            6
7           (Rev. 05-26-22, ver. 01)                                                                                                                                7
8           Repayment of Oregon Natural Resource Credit                                                                                                             8
9                                                                                                                                                                   9
10                                                                                                                                                                  10
11                                                        Submit original form—do not submit photocopy.                                                             11
12                                      This form should be used to report and pay additional estate transfer tax imposed by Oregon Revised Statute                 12
13          •Amended return             (ORS) 118.140 for an early disposition or an early cessation of use of qualified natural resource property or               13
14                                      commercial fishing property. You’ll need your copy of the original Schedule OR-NRC to complete this form.                   14
15                 X                    Note: For recapture of the natural resource credit taken on Form IT-1, Oregon Inheritance Tax Return (for deaths            15
16                                      prior to January 1, 2012), use Form IT-1A, Oregon Additional Inheritance Tax.                                               16
17          Part 1                                                                                                                                                  17
18           •Property owner first name  •Initial •  Property owner last name          •Property owner SSN                    •Property owner phone                 18
19                                                                                                                                                                  19
            XXXXXXXXXXXX                 X        XXXXXXXXXXXXXXXXXXXX                 999-99-9999– –                         ((999)) 999-9999–
20           •Property owner name (if not an individual)                               •Property owner FEIN                   •Property owner phone                 20
21                                                                                                                                                                  21
            XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                       99-9999999–                             ((999)) 999-9999–
22           •Property owner current mailing address                               •City                                        •State • ZIP code                   22
23                                                                                                                                                                  23
            XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                    XXXXXXXXXXXXXXXXXXXXX XX                            XXXXX-XXXX
24           •Decedent first name       •Initial •Decedent last name                  •Decedent date of death •Decedent Social Security number (SSN)                24
25                                                                                                                                                                  25
             XXXXXXXXXXXX X                  XXXXXXXXXXXXXXXXXXXX 99/99/9999/             /                   999-99-9999–     –
26                                                                                                                                                                  26
27          Part 2—Description of property (see instructions)                                                                  •1C. Value of property in column 1A  27
28           •1A. Property description                                                    •1B. Date of taxable event            (see Schedule OR-NRC, column D)     28
29          XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                   99/99/9999/      /                    99,999,999,999.00.00                29
30           •1D. Proceeds from sale/exchange/conversion •1E. Proceeds not reinvested    •1F. Disqualified % (1E÷1D x 100)     •1G. Disqualified property (1F x 1C) 30
31            99,999,999,999.00.00                        99,999,999,999.00.00            999.00.00%                            99,999,999,999.00.00                31
32                                                                                                                                                                  32
33                                                                                                                             •2C. Value of property in column 2A  33
34           •2A. Property description                                                    •2B. Date of taxable event            (see Schedule OR-NRC, column D)     34
35          XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                   99/99/9999/      /                    99,999,999,999.00.00                35
36           •2D. Proceeds from sale/exchange/conversion •2E. Proceeds not reinvested    •2F. Disqualified % (2E÷2D x 100)     •2G. Disqualified property (2F x 2C) 36
37            99,999,999,999.00.00                        99,999,999,999.00.00            999.00.00%                            99,999,999,999.00.00                37
38                                                                                                                                                                  38
39                                                                                                                             •3C. Value of property in column 3A  39
40           •3A. Property description                                                    •3B. Date of taxable event            (see Schedule OR-NRC, column D)     40
41          XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                   99/99/9999/      /                    99,999,999,999.00.00                41
42           •3D. Proceeds from sale/exchange/conversion •3E. Proceeds not reinvested    •3F. Disqualified % (3E÷3D x 100)     •3G. Disqualified property (3F x 3C) 42
43            99,999,999,999.00.00                        99,999,999,999.00.00            999.00.00%                            99,999,999,999.00.00                43
44                                                                                                                                                                  44
45                                                                                                                             •4C. Value of property in column 4A  45
46           •4A. Property description                                                    •4B. Date of taxable event            (see Schedule OR-NRC, column D)     46
47          XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                   99/99/9999/      /                    99,999,999,999.00.00                47
48           •4D. Proceeds from sale/exchange/conversion •4E. Proceeds not reinvested    •4F. Disqualified % (4E÷4D x 100)     •4G. Disqualified property (4F x 4C) 48
49            99,999,999,999.00.00                        99,999,999,999.00.00            999.00.00%                            99,999,999,999.00.00                49
50                                                                                                                                                                  50
51                                                                                                             •5G. Total                                           51
                                                                                                                                99,999,999,999.00.00
52                                                                                                                                                                  52
53          Part 3—Property replacement and involuntary conversion of property (see instructions)                                                                   53
54           •1A. Date of acquisition •1B. Property description of newly acquired property and the property that was replaced                                       54
55          99/99/9999/ /             XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                55
56           •2A. Date of acquisition •2B. Property description of newly acquired property and the property that was replaced                                       56
57          99/99/9999/ /             XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                57
58           •3A. Date of acquisition •3B. Property description of newly acquired property and the property that was replaced                                       58
59          99/99/9999/ /             XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                59
60           •4A. Date of acquisition •4B. Property description of newly acquired property and the property that was replaced                                       60
61          99/99/9999/ /             XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                61
62           •5A. Date of acquisition •5B. Property description of newly acquired property and the property that was replaced                                       62
63          99/99/9999/ /             XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                63
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            2022 Form OR-706-R
6           Page 2 of 2, 150-104-007                        Oregon Department of Revenue            17572201020000                                                                           6
7           (Rev. 05-26-22, ver. 01)                                                                                                                                                         7
8                                                                                                                                                                                            8
9           Part 4—Additional estate transfer tax computation (references to Schedule OR-NRC are for use with Form OR-706)                                                                   9
10            1. Enter total from Schedule OR-NRC, part 2, column D ................................................................... •1.                       99,999,999,999.00.00       10
11            2. Enter total from Form OR-706-R, part 2, column G ....................................................................... •2.                     99,999,999,999.00.00       11
12            3. Subtract line 2 from line 1 .............................................................................................................. •3.   99,999,999,999.00.00       12
13            4. Adjusted gross estate (Schedule OR-NRC, part 5, line 3) .............................................................. •4.                       99,999,999,999.00.00       13
14            5. Divide line 3 by line 4 (round to two decimal points) ...................................................................... •5.                                    0.990.  14
15            6. Tax payable (Schedule OR-NRC, part 5, line 11) ............................................................................ •6.                  99,999,999,999.00.00       15
16            7. Multiply line 5 by line 6 .................................................................................................................. •7. 99,999,999,999.00.00       16
17            8. Original NRC credit claimed (Schedule OR-NRC, part 5, line 12) ................................................. •8.                             99,999,999,999.00.00       17
18            9. Subtract line 7 from line 8 ............................................................................................................. •9.    99,999,999,999.00.00       18
19           10. Enter the result of: 60 minus the number of months the property was used as natural resource property ... •10. 99,999,999,999.00.00                                         19
20           11. Divide line 10 by 60 (round to two decimal points) .......................................................................•11.                                      0.990.  20
21           12. Multiply line 9 by line 11. This is your additional estate transfer tax                                                                                                     21
22               (don’t enter more than the amount on line 8) ................................................................................•12.                99,999,999,999.00.00       22
23           13. Penalty due (see instructions) .......................................................................................................•13.       99,999,999,999.00.00       23
24           14. Interest due (see instructions) .......................................................................................................•14.      99,999,999,999.00.00       24
25           15. Add lines 12 through 14. This is your total due .............................................................................•15.                99,999,999,999.00.00       25
26                                                                                                                                                                                           26
27                                                                                                                                                                                           27
28                                                                                                                                                                                           28
29          Part 5—Disposition of property to a decedent’s family member                                                                                                                     29
30          If you sold or gifted your NRC property to another member of the decedent’s family, complete this section (see instructions). If there is                                        30
31          more than one person, include an additional statement and include all of the information requested here.                                                                         31
32                                                                                                                                                                                           32
33          • •Decedent qualifying family member first name •Initial •Last name                            •SSN                                                                              33
34                                                                                                                                                                                           34
            XXXXXXXXXXXX                                    X        XXXXXXXXXXXXXXXXXXXX                  999-99-9999–                                       –
35          •Relationship to decedent                                                                      •Phone                                                                            35
36                                                                                                                                                                                           36
            XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                            (999)(    )999-9999–
37          •Address                                                                    •City                                                                     •State • ZIP code          37
38                                                                                                                                                                                           38
            XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                         XXXXXXXXXXXXXXXXXXXXX XX                                                         XXXXX-XXXX
39                                                                                                                                                                                           39
40          Part 6—Signatures and authorization                                                                                                                                              40
41          Under penalties of false swearing, I declare that I have examined this return, including accompanying schedules and statements. To                                               41
42          the best of my knowledge and belief, it’s true, correct, and complete. If prepared by a person other than the executor, this declaration                                         42
43          is based on all information of which the preparer has any knowledge.                                                                                                             43
44                                                                                                                                                                                           44
45          Owner signature                                                                           Date                                                                                   45
46          X                                                                                         99/99/9999/ /                                                                          46
47               •Check the box to authorize the following individual(s) to receive and provide confidential tax information relating to this return.                                        47
                 •                                    •
48          X    Preparer first name (print) •Initial       Preparer last name                Title                                                                                          48
49                                                                                                                                                                                           49
                 XXXXXXXXXXXX X                       XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
50               •Preparer mailing address                                               •City                                                                      •State •ZIP code         50
51                                                                                                                                                                                           51
                 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXX  XXXXX-XXXX
52               Preparer signature                                                      Phone                       Date                                                  •Preparer license 52
53               X                                                                       ((999))999-9999–            99/99/9999/                                  /        XXXXXXXXXX        53
54                                                                                                                                                                                           54
55                                                                                                                                                                                           55
56                                  Include a complete copy of the original Schedule OR-NRC and supporting documents.                                                                        56
57                                                                                                                                                                                           57
58                                                                             Mail to: Oregon Department of Revenue                                                                         58
59                                                                             Return with payment: PO Box 14555, Salem OR 97309-0940                                                        59
60                                                                             Return without payment: PO Box 14110, Salem OR 97309-0910                                                     60
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