Heavy equipment rental tax; exemption from property tax; no maximum term; rulemaking authority.

  1. Law
  2. Oregon Revised Statutes
  3. Revenue and Taxation
  4. Property Subject to Taxation; Exemptions
  5. Heavy equipment rental tax; exemption from property tax; no maximum term; rulemaking authority.

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(2) The tax imposed under this section shall be collected by the qualified heavy equipment provider from the renter at the time that the rental of the qualified heavy equipment is made.

(3) Qualified heavy equipment is exempt from any and all ad valorem property taxes if rental of the qualified heavy equipment is subject to taxation under this section.

(4) Notwithstanding ORS 315.037, the exemption granted under subsection (3) of this section does not have a maximum term.

(5) The Department of Revenue may adopt rules necessary for the administration and enforcement of the heavy equipment rental tax under ORS 307.870 to 307.890. [2018 c.64 §§2,10]

Note: See note under 307.870.


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