Communications equipment, emergency response equipment and other tangible personal property is exempt from ad valorem property taxation if the equipment or property is:

1. (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. (2) Owned by a nonprofit corporation organized under ORS chapter 65 that operates as a maritime fire and safety association; and
3. (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]