{"data":{"id":"us-or/ors-307.022","jurisdiction":"us-or","citation":"ORS 307.022","heading":"Qualification for exemption of property of certain limited liability companies.","body":"For purposes of the property tax laws of this state, the property of a limited liability company qualifies for an exemption from ad valorem property taxation or special assessment:\n      (1) If the limited liability company is wholly owned by one or more nonprofit corporations or entities whose property is exempt from taxation under ORS 307.090;\n      (2) If the property, if held directly by each of the nonprofit corporation owners of the limited liability company, would qualify for the exemption or special assessment; and\n      (3) Only to the least extent that the property would be granted exemption or special assessment in the hands of any of the nonprofit corporation owners of the limited liability company.","path":["08 - Revenue and Taxation","29. Revenue and Taxation","Chapter 307 — Property Subject to Taxation; Exemptions"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors307.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:13Z","sha256":"0de2aa3597dfbe90e06119e2365e9b020d90a7aef64210d31b57cc0fbb5a66d9","source_id":"us-or","stale":false,"prev":"us-or/ors-307.021","next":"us-or/ors-307.030"},"notice":"GroundRules: Original legal text. Not legal advice."}