GroundRules
ORS 554.320: Exemption from taxation.
Where this section sits in the code
- 15 - Water Resources, Agriculture and Food
- 45. Water Resources: Irrigation, Drainage, Flood Control, Reclamation
- Chapter 554 — Corporations for Irrigation, Drainage, Water Supply or Flood Control
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.
Collected 2026-09-03T23:50:15Z. Source file · JSON