ORS 554.320: Exemption from taxation.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
The property and income of a corporation organized under the provisions of ORS 554.005 to 554.340, but not for profit, or a corporation organized under ORS 554.380, shall be exempt from taxation. The property and income of corporations which were incorporated under chapter 172, Oregon Laws 1911, and which amend their articles to state that the corporation shall not operate for profit shall also be exempt from taxation. [Amended by 1993 c.502 §5; 2013 c.284 §9]
This rule cites
- ORS 554.005 — resolved
- 554.340 — resolved
- ORS 554.380 — resolved
Cited by
- ORS 554.350: Service to lands outside district; findings; tax exemption.
- ORS 554.385: Findings by board of reorganizing district; plan of dissolution; transfer of district assets to corporation; statement of dissolution.
- ORS 554.390: Dissolution of district and reorganization as corporation under ORS 554.320 and 554.375 to 554.390 prohibited after 2004.
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors554.html