Oregon Revised Statutes

Or. Rev. Stat. § 307.020 (2026)

Definitions of “intangible personal property” and “tangible personal property” for state property tax laws; inapplicability to centrally assessed persons

✓ current as of May 2026

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307.020 Definitions of “intangible personal property” and “tangible personal property” for state property tax laws; inapplicability to centrally assessed persons. (1) As used in the property tax laws of this state, unless otherwise specifically provided:

(a) “Intangible personal property” or “intangibles” includes but is not limited to:

(A) Money at interest, bonds, notes, claims, demands and all other evidences of indebtedness, secured or unsecured, including notes, bonds or certificates secured by mortgages.

(B) All shares of stock in corporations, joint stock companies or associations.

(C) Media constituting business records, computer software, files, records of accounts, title records, surveys, designs, credit references, and data contained therein. “Media” includes, but is not limited to, paper, film, punch cards, magnetic tape and disk storage.

(D) Goodwill.

(E) Customer lists.

(F) Contracts and contract rights.

(G) Patents, trademarks and copyrights.

(H) Assembled labor force.

(I) Trade secrets.

(b) “Personal property” means “tangible personal property.”

(c) “Tangible personal property” includes but is not limited to all chattels and movables, such as boats and vessels, merchandise and stock in trade, furniture and personal effects, goods, livestock, vehicles, farming implements, movable machinery, movable tools and movable equipment.

(2) Subsection (1) of this section does not apply to any person, company, corporation or association covered by ORS 308.505 to 308.674. [Amended by 1959 c.82 §1; 1977 c.602 §1; 1993 c.353 §1; 1997 c.154 §27; 2005 c.94 §30]

Notes of Decisions

Cited in 31 cases (6 in the last 5 years), 1956–2025 · leading case: Nw. Nat. Gas Co. v. Dep't of Revenue, 226 P.3d 28 (Or. 2010).

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Nw. Nat. Gas Co. v. Dep't of Revenue, 226 P.3d 28 (Or. 2010). · cites it 34× “First, the department asserts that, for purposes of the business inventory exemption, the definitions in ORS 307.020 control, and those definitions remove centrally assessed taxpayers from their scope.”

Farmer's Direct, Inc. v. Dept. of Rev., 24 Or. Tax 399 (Or. T.C. 2021). · cites it 20× “”6 See ORS 307.020 (defining “personal property”); ORS 307.”

Seneca Sustainable Energy, LLC v. Dep't of Revenue, 429 P.3d 360 (Or. 2018). · cites it 3× “030(2) and ORS 307.020(1)(a)(F), contracts are intangible personal property and not subject to assessment and taxation, but it asserts that that statute does not preclude consideration of the power purchase agreement in this case.”

Saunders v. Dep't of Revenue, 711 P.2d 961 (Or. 1985). · cites it 9× “010(1): (1) ‘Land,’ ‘real estate’ and ‘real property’ include the land itself, above or under water; all buildings, structures, improvements, machinery, equipment or fixtures erected upon, under, above or affixed to the same; * * “Tangible personal property” is defined in ORS…”

Powerex Corp. v. Dep't of Revenue, 346 P.3d 476 (Or. 2015). · cites it 2× “” ORS 307.020(1) (1959). By contrast, “‘Tangible personal property’ means and includes all chattels and movables, such as boats, vessels, merchandise and stock in trade, furniture and personal effects, goods, livestock, vehicles, farming implements, movable machinery, movable…”

Joe Hand Promotions, Inc. v. Jacobson, 874 F. Supp. 2d 1010 (D. Or. 2012). · cites it 5× “22, 2006) (“Tangible property is defined as ‘all chattels and movables,’ as opposed to intangible property, which includes, to name a few examples, shares of stock, computer software, goodwill, and trade secrets.”

Seven-Up Bottling Co. of Salem, Inc. v. Dep't of Revenue, 10 Or. Tax 400 (Or. T.C. 1987). · cites it 5× “The single issue before the court is whether plaintiffs machinery and equipment is “movable” within the meaning of ORS 307.020(3). Plaintiff makes much of the fact that the building in *402 which the equipment is housed is not owned by plaintiff and is readily adaptable to other…”

S. Pac. Trans. v. Dept. of Rev., 664 P.2d 401 (Or. 1983). · cites it 3× “, § 1, codified at ORS 307.020(1). That act excluded centrally assessed corporations from the expanded definition, and also made explicit that "intangible personal property" of the sort defined in ORS 307.”

Delta Air Lines, Inc. v. Dept. of Rev., 374 Or. 58 (Or. 2025). · cites it 3× “555 (for centrally assessed businesses, department 3 ORS 307.020 defines “intangible personal property” fairly precisely, but since 1977 that definition no longer applies to the central assessment statutes.”

Level 3 Commc'ns LLC III v. Dept. of Rev., 23 Or. Tax 440 (Or. T.C. 2019). · cites it 2× “ORS 307.020(1) (defining “personal prop- erty,” “tangible personal property,” and “intangible personal property”); ORS 307.”

Case v. Chambers, 314 P.2d 256 (Or. 1957). · cites it 3× “Section 110-103, OCLA (now ORS 307.020), defines “tangible personal property” to mean and include “all chattels and movables, such as boats and vessels, merchandise and stock in trade * * * etc.”

Boise Cascade Corp. v. Dep't of Revenue, 12 Or. Tax 263 (Or. T.C. 1991). · cites it 2× “” ORS 307.020(1). It should be clear from these statutes that the named items in dispute are not intangible personal property.”

Show all 31 citing cases →

— Or. Rev. Stat. § 307.020(1) — 9 cases

Nw. Nat. Gas Co. v. Dep't of Revenue, 226 P.3d 28 (Or. 2010). “First, the department asserts that, for purposes of the business inventory exemption, the definitions in ORS 307.020 control, and those definitions remove centrally assessed taxpayers from their scope.”

Powerex Corp. v. Dep't of Revenue, 346 P.3d 476 (Or. 2015). “” ORS 307.020(1) (1959). By contrast, “‘Tangible personal property’ means and includes all chattels and movables, such as boats, vessels, merchandise and stock in trade, furniture and personal effects, goods, livestock, vehicles, farming implements, movable machinery, movable…”

S. Pac. Trans. v. Dept. of Rev., 664 P.2d 401 (Or. 1983). “, § 1, codified at ORS 307.020(1). That act excluded centrally assessed corporations from the expanded definition, and also made explicit that "intangible personal property" of the sort defined in ORS 307.”

Joe Hand Promotions, Inc. v. Jacobson, 874 F. Supp. 2d 1010 (D. Or. 2012). “22, 2006) (“Tangible property is defined as ‘all chattels and movables,’ as opposed to intangible property, which includes, to name a few examples, shares of stock, computer software, goodwill, and trade secrets.”

Level 3 Commc'ns LLC III v. Dept. of Rev., 23 Or. Tax 440 (Or. T.C. 2019). “ORS 307.020(1) (defining “personal prop- erty,” “tangible personal property,” and “intangible personal property”); ORS 307.”

— Or. Rev. Stat. § 307.020(1)(a) — 4 cases

Seneca Sustainable Energy, LLC II v. Dept. of Rev., 22 Or. Tax 263 (Or. T.C. 2016).

Delta Air Lines, Inc. v. Dept. of Rev., 374 Or. 58 (Or. 2025). “555 (for centrally assessed businesses, department 3 ORS 307.020 defines “intangible personal property” fairly precisely, but since 1977 that definition no longer applies to the central assessment statutes.”

Delta Air Lines, Inc. v. Dept. of Rev. (Or. T.C. 2023).

Delta Air Lines, Inc. v. Dept. of Rev., 374 Or. 58 (Or. 2025).

— Or. Rev. Stat. § 307.020(1)(a)(A) — 1 case

Delta Air Lines, Inc. v. Dept. of Rev. (Or. T.C. 2023).

— Or. Rev. Stat. § 307.020(1)(a)(C) — 1 case

Delta Air Lines, Inc. v. Dept. of Rev. (Or. T.C. 2023).

— Or. Rev. Stat. § 307.020(1)(a)(D) — 1 case

Delta Air Lines, Inc. v. Dept. of Rev. (Or. T.C. 2023).

— Or. Rev. Stat. § 307.020(1)(a)(F) — 1 case

Seneca Sustainable Energy, LLC v. Dep't of Revenue, 429 P.3d 360 (Or. 2018). “030(2) and ORS 307.020(1)(a)(F), contracts are intangible personal property and not subject to assessment and taxation, but it asserts that that statute does not preclude consideration of the power purchase agreement in this case.”

— Or. Rev. Stat. § 307.020(1)(a)(I) — 1 case

Pharm. Rsch. & Mfrs. of Am. v. Stolfi (9th Cir. 2025).

— Or. Rev. Stat. § 307.020(1)(c) — 5 cases

Farmer's Direct, Inc. v. Dept. of Rev., 24 Or. Tax 399 (Or. T.C. 2021). “”6 See ORS 307.020 (defining “personal property”); ORS 307.”

Farmers Direct, Inc. v. Yamhill Cnty. Assessor (Or. T.C. 2018).

Cocina Mexico Lindo v. Washington Cty. Ass., Tc-Md 091420c (or.tax 2-9-2011) (Or. T.C. 2011).

Hansen v. Morrow Cnty. Assessor (Or. T.C. 2022).

— Or. Rev. Stat. § 307.020(2) — 4 cases

Delta Air Lines, Inc. v. Dept. of Rev., 374 Or. 58 (Or. 2025).

— Or. Rev. Stat. § 307.020(3) — 10 cases

Saunders v. Dep't of Revenue, 711 P.2d 961 (Or. 1985). “010(1): (1) ‘Land,’ ‘real estate’ and ‘real property’ include the land itself, above or under water; all buildings, structures, improvements, machinery, equipment or fixtures erected upon, under, above or affixed to the same; * * “Tangible personal property” is defined in ORS…”

Farmer's Direct, Inc. v. Dept. of Rev., 24 Or. Tax 399 (Or. T.C. 2021). “”6 See ORS 307.020 (defining “personal property”); ORS 307.”

Seven-Up Bottling Co. of Salem, Inc. v. Dep't of Revenue, 10 Or. Tax 400 (Or. T.C. 1987). “The single issue before the court is whether plaintiffs machinery and equipment is “movable” within the meaning of ORS 307.020(3). Plaintiff makes much of the fact that the building in *402 which the equipment is housed is not owned by plaintiff and is readily adaptable to other…”

— Or. Rev. Stat. § 307.020(4) — 2 cases

S. Pac. Transp. Co. v. Dep't of Revenue, 664 P.2d 401 (Or. 1983).

— Or. Rev. Stat. § 307.020(b) — 1 case

Lauer v. Grant Cnty. Assessor (Or. T.C. 2020).

— Or. Rev. Stat. § 307.020(l)(a)(F) — 1 case

— Or. Rev. Stat. § 307.020(l)(c) — 1 case

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