Or. Rev. Stat. § 307.872
Heavy equipment rental tax; exemption from property tax; no maximum term; rulemaking authority
Oregon · Oregon Revised Statutes Chapter 307 — Property Subject to Taxation; Exemptions · Status: effective
Cite this
- Citation
- Or. Rev. Stat. § 307.872, Heavy equipment rental tax; exemption from property tax; no maximum term; rulemaking authority, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2493655
- Permanent ID
ys:prov:2493655@1- SHA-256
820c757f222cf96a5c8598c14b7ba3f2151d79020b083083f40e41ce8e82bc1b
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) A tax of two percent is imposed on the rental price received for any qualified heavy equipment.
(2) The tax imposed under this section shall be collected by the qualified heavy equipment provider from the renter at the time that the rental of the qualified heavy equipment is made.
(3) Qualified heavy equipment is exempt from any and all ad valorem property taxes if rental of the qualified heavy equipment is subject to taxation under this section.
(4) Notwithstanding ORS 315.037, the exemption granted under subsection (3) of this section does not have a maximum term.
(5) The Department of Revenue may adopt rules necessary for the administration and enforcement of the heavy equipment rental tax under ORS 307.870 to 307.890.