Oregon Statutes 307.197 – Equipment used for certain emergencies in navigable waters
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Communications equipment, emergency response equipment and other tangible personal property is exempt from ad valorem property taxation if the equipment or property is:
Terms Used In Oregon Statutes 307.197
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Personal property: All property that is not real property.
(1) Acquired or used primarily for the purposes of responding to and maintaining the capability to respond to shipboard fires or oil spills in navigable waters;
(2) Owned by a nonprofit corporation organized under ORS Chapter 65 that operates as a maritime fire and safety association; and
(3) Made available by the nonprofit corporation for use by a federal, state or local emergency response agency pursuant to a mutual aid compact. [2010 c.29 § 3]
(Public Ways)