- (1) Watercraft owned or operated by centrally assessed water transportation companies and undergoing “major” repairs as defined in ORS 308.256(4), shall be deemed exempt from taxation if such repairs are in progress as of January 1, of the assessment year, but only upon receipt by the Department of Revenue of documentation included in the annual filing stating the nature, extent, and location of such repairs.
- (2) All other assessable Watercraft undergoing “major” repairs as defined in ORS 308.256(4), shall be deemed exempt from taxation if such repairs are in progress as of January 1, of the assessment year.
Statutory/Other Authority
ORS 305.100
Statutes/Other Implemented
ORS 308.256
History
Renumbered from 150-308.256(4), REV 57-2016, f. 8-13-16, cert. ef. 9-1-16
RD 9-1997, f. & cert. ef. 12-31-97
RD 2-1992, f. 5-28-92, cert. ef. 6-1-92