Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 308 - ASSESSMENT OF PROPERTY FOR TAXATION
Section 150-308-0610 - Allocation of Centrally Assessed Communication Company Property Value
Universal Citation: OR Admin Rules 150-308-0610
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Definitions
(a) "Original Cost" means the cost of
tangible property, plant and equipment as reported on the company's financial
statements including construction work in progress, property held for future
use, land, and leasehold improvements.
(b) "Oregon operating revenue" means gross
revenue from customers whose billing address is an Oregon address.
(c) "Oregon customers" means customers whose
billing address is in the state of Oregon.
(2) The value of the Oregon portion of a unit of property used by a company operating both within and without this state in the communication business must be allocated to this state by multiplying the value of the unit by a percentage, which is the sum of:
(a) The ratio of the Oregon portion of the
unit's original cost to the total unit's original cost, multiplied by 75
percent; plus
(b) The ratio of the
Oregon portion of the unit's total gross operating revenue for the prior year
to the unit's total gross operating revenue for the prior year, multiplied by
15 percent; plus
(c) The ratio of
the total year-end Oregon customers for the prior year to the unit's total
year-end customers for the prior year, multiplied by 10 percent.
(3) If a company is not able to provide, or does not provide, the information required to compute the ratio in (2)(a), (b) or (c) of this rule, the department will proportionally increase the percentage of the unit's remaining ratio(s) by the percentage(s) of the ratios not used.
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 308.550
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