1. (1) The request for computation of payment in lieu of tax is an annual request.

2. (2) To receive the in lieu tax computation in any year the taxpayer must:

   1. (a) Have a possessory interest in the property;
   2. (b) File a request using the Department of Revenue prescribed form;
   3. (c) File the request form with the assessor in the county where the property is located;
   4. (d) File the request form in the time prescribed by law;
   5. (e) Provide a true copy of the lease or agreement that establishes the possessory interest; and
   6. (f) Provide any other information the assessor deems necessary to complete the computation.

Statutory/Other Authority

ORS 305.100

Statutes/Other Implemented

ORS 307.120

History

Renumbered from 150-307.120(3)(a), REV 53-2016, f. 8-13-16, cert. ef. 9-1-16
REV 8-1998, f. 11-13-98, cert. ef. 12-31-98