Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 307 - PROPERTY SUBJECT TO TAXATION
Section 150-307-0330 - Exemption Claim Procedures

(A) Is organized and operated only for the purpose of providing permanent residential, recreational and social facilities primarily for elderly persons;

(B) Is a nonprofit corporation organized under ORS chapter 65;

(C) Receives at least 95% of its operating gross income, excluding investment income, from payments by or on behalf of elderly persons solely for living, medical, recreational and social services and facilities;

(D) Permits none of its net earnings to inure to the benefit of a stockholder or individual;

(E) Provides that upon dissolution of the corporation the net assets must be distributed to one or more charitable, scientific, literary or educational corporations exempt under ORS chapter 307, or to the State of Oregon;

(F) Is applying for exemption of land and improvements on which construction of the improvements started after January 1, 1977, or where the property was acquired after January 1, 1977; or in the case of corporations that received state financial assistance as described in ORS 307.242(1)(e), where the property was actually occupied and used for permanent residential recreational and social facilities primarily for elderly persons prior to January 1, 1990;

(A) The rent charged does not include an amount for property tax, as certified by the U.S. Department of Housing and Urban Development, or

(B) If the exemption was granted the previous year, showing how the rent that otherwise would have been paid for occupancy at the facility has been reduced as a result of the exemption; and

(C) That no delinquencies exist on the tax roll for the property.

(A) The application form completed by the corporation;

(B) The source documents evidencing the requirements on the checklist referenced in subsection 2 above.