Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 308 - ASSESSMENT OF PROPERTY FOR TAXATION
Section 150-308-0595 - Allocation of Centrally Assessed Gas Distribution Company Property Value
Current through Register Vol. 63, No. 9, September 1, 2024
Gas distribution companies. The value of the Oregon portion of a unit of property used by a company operating both within and without this state in the business of distributing natural gas shall be allocated to this state by multiplying the value of the unit by a percentage, which shall be the sum of:
(1) The ratio the Oregon portion of the unit cost bears to the total unit cost times 75 percent;
(2) The ratio the Oregon portion of the unit's total operating revenue for the prior year bears to the unit's total operating revenue for the prior year times 15 percent; plus
(3) The ratio the Oregon portion of the unit's net operating income from the prior year bears to the unit's net operating income for the prior year times 10 percent.
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 308.550
