Oregon Revised Statutes Chapter 308 § 308.521 — Property of cooperative providing steam or hot water heat by combustion of
Oregon Revised Statutes Chapter 308 ·
Oregon Code § 308.521·Enacted ·Last updated March 01, 2026
Statute Text
Property of cooperative providing steam or hot water heat by combustion of
biomass exempt.
(1) This section applies to a cooperative corporation organized under ORS
chapter 62 that is a company described in ORS 308.515 (1), if more than 50
percent of the interest in the cooperative is owned by entities whose property
is exempt from ad valorem property taxation under ORS 307.090.
(2) Property that
is owned or used by a cooperative for the purpose of providing steam or hot
water heat by combustion of biomass, as defined in ORS 315.141, is exempt from
ad valorem property taxation.
(3) An exemption
granted under this section does not relieve the cooperative of the obligation
to file the statement required under ORS 308.524. [2019 c.159 §2]
Plain English Explanation
This Oregon statute addresses Property of cooperative providing steam or hot water heat by combustion of
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 308.521
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Property of cooperative providing steam or hot water heat by combustion of
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