| Bill Number
||HB 2563 (2011 Oregon laws, chapter 656) |
| ORSs Changed
||307.175; 2005 Laws Ch. 637, sec. 7; and 1999 Laws Ch. 957, sec. 4 and 7. |
| Effective Date
||September 28, 2011|
| Applies to
||Food processing equipment, alternative energy systems, and logging equipment exemptions.|
| DOR Contact
||Michael Olson 503-428-2319; Greg Kramer 503-945-8262 |
another two years for property to enter the food processing equipment
exemption program. Modifies and extends the exemption for "alternative
energy systems" and the property to which it is affixed. Removes the
sunset date on logging equipment exemptions.|
|| New law|
||2005 Laws Ch. 637, s. 7: The last tax year to obtain an initial year of exemption for food processing equipment was 2010-11.
Laws Ch. 637, s. 7: The last tax year to obtain an initial year of
exemption for food processing equipment extended to 2012-13.|
provision: Application for a first year of exemption for the 2011-12
tax year must be filed with DOR by December 31, 2011. The application
must include the Dept. of Agriculture certification and other
information, and be accompanied by the late filing fee. |
exemption due to this application causes a need for refund of the tax
and any interest paid, refund amount will be paid out of the county
unsegregated or refund reserve account without refund interest.
307.175: Exempted the increase in real market value of property
equipped with an alternative energy system as compared to the property
before the installation of the alternative energy system from ad valorem
Did not apply to centrally assessed companies unless there was a net metering system.
Applied to tax years beginning before July 1, 2012.
307.175: Amended to exempt the alternative energy system itself if it
is a net metering system or is designed to primarily offset onsite
electricity use. |
If a qualifying exempt alternative energy
system is placed on property that otherwise would be exempt, then it
remains exempt despite that it otherwise would have become taxable
(e.g., church property leased to the company that operates the
alternative energy system).
Property equipped with an
alternative energy system is exempt in an amount equal to the increase
in real market value due to the addition of the system. This increase is
calculated by comparing the real market value before the alternative
energy system is installed to the real market value of property after
the alternative energy system has been installed.
||The alternative energy system amendments in section 3 apply to tax years beginning between July 1, 2011 and July 1, 2018.|
Laws Ch. 957 s. 4 (Note after ORS 307.827): Exemption for
environmentally sensitive logging equipment expires after the 2017-18
1999 Laws Ch. 957 s. 7 (Note after ORS 307.831): Exemption for skyline and swingline yarders expires after the 2017-18 tax year.
Laws Ch. 957 s. 4 (Note after ORS 307.827) is repealed, so there is no
longer a sunset date on the environmentally sensitive logging equipment
1999 Laws Ch. 957 s. 7 (Note after ORS 307.831) is
repealed, so there is no longer a sunset date on the skyline and
swingline yarders exemption.
||Effective date for the act is 91 days after adjournment sine die (effective September 28, 2011).|