Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 308 - ASSESSMENT OF PROPERTY FOR TAXATION
Section 150-308-0420 - Exemption of Watercraft Undergoing Repairs

Universal Citation: OR Admin Rules 150-308-0420

Current through Register Vol. 63, No. 9, September 1, 2024

(1) Watercraft owned or operated by centrally assessed water transportation companies and undergoing "major" repairs as defined in ORS 308.256(4), shall be deemed exempt from taxation if such repairs are in progress as of January 1, of the assessment year, but only upon receipt by the Department of Revenue of documentation included in the annual filing stating the nature, extent, and location of such repairs.

(2) All other assessable Watercraft undergoing "major" repairs as defined in ORS 308.256(4), shall be deemed exempt from taxation if such repairs are in progress as of January 1, of the assessment year.

Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 308.256

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