Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 308 - ASSESSMENT OF PROPERTY FOR TAXATION
Section 150-308-0605 - Allocation of Centrally Assessed Railroad Company Property Value
Current through Register Vol. 63, No. 9, September 1, 2024
Railroad companies. The value of the Oregon portion of a unit of property used in the business of railroad transportation by a company operating both within and without this state shall be allocated to this state by multiplying the value of the unit by a percentage, which shall be the sum of the following factors:
(1) The ratio the Oregon single track mileage of the unit bears to the total single track mileage of the unit times 20 percent.
(2) The ratio the Oregon car miles and locomotive miles traveled in the prior year bears to the total car and locomotive miles of the unit for the prior year times 20 percent. An Oregon car mile is the movement of any car, loaded or unloaded, the distance of one mile.
(3) The ratio the Oregon railway operating revenue for the prior year bears to the total railway operating revenue of the unit for the prior year times 20 percent.
(4) The ratio the Oregon property original cost bears to the total property original cost of the unit times 20 percent.
(5) The ratio the Oregon revenue freight ton-miles for the prior year bears to the total revenue freight ton-miles of the unit for the prior year times 20 percent.
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 308.550
