308.525
Contents of statement.
Each statement required by ORS 308.524 shall contain the following facts about
the company:
(1) The name of
the company, the nature of the business conducted by the company and the state
or country under whose laws the company is organized.
(2) The location
of the company’s principal office.
(3) The name and
address of the chief officer or managing agent or attorney in fact in Oregon.
(4) The number of
shares of its capital stock authorized and issued.
(5) The par value
and market value, or actual value if there is no market value, of each issued
share of stock on January 1 at 1:00 a.m. of the year in which the report is
made.
(6) The bonds and
other corporate obligations owing by the company.
(7) The par value
and market value, or actual value if there is no market value, of the bonds or
other obligations owing by the company on January 1 at 1:00 a.m. of the year in
which the report is made.
(8) A detailed
statement of the real property owned by the company in Oregon on January 1 at
1:00 a.m. of the year in which the report is made, where situated, and the cost
thereof.
(9) A detailed
statement of the personal property owned by the company in Oregon on January 1
at 1:00 a.m. of the year in which the report is made, where situated, and the
cost thereof.
(10) A statement
showing the historical or original cost of all of the real property owned by
the company as of January 1 at 1:00 a.m. of the year in which the report is
made, whether situated within or without the state.
(11) A statement
showing the historical or original cost of all of the personal property of the
company as of January 1 at 1:00 a.m. of the year in which the report is made,
whether situated within or without the state.
(12) A full and
complete statement of the historical or original cost and book value of all
buildings of every description owned by the company within the state.
(13) The total
length of the company’s lines or operational routes, the length of its lines or
operational routes within the State of Oregon, and also the length of its lines
or operational routes without the State of Oregon, including those which the
company controls or uses as owner, lessee or otherwise.
(14) A statement
of the number of wire, pipe, pole or operational miles, and miles of main and
branch railroad lines, double track, spurs, yard tracks and sidetracks, owned
or leased by the company in each county in this state, and each municipal
subdivision thereof, stated separately.
(15) A statement
in detail of the entire gross receipts and net earnings of the company from all
sources, stated separately, for the fiscal year next preceding the date of the
report.
(16) Any other
facts or information the Department of Revenue requires in the form of return
prescribed by it. [Amended by 1957 c.711 §7; 2003 c.46 §19; 2009 c.128 §6]
Notes of Decisions
S. Pac. Trans. v. Dept. of Rev., 664 P.2d 401 (Or. 1983).
· cites it 4× “The company reports the length of the routes both within and without the state, including those it "controls or uses as owner, lessee or otherwise," ORS 308.525(11). When the unit rule is applied to a company which "owns, leases, operates over or uses rail, * * * operational…”
D. R. Johnson Lumber Co. v. Dep't of Revenue, 866 P.2d 1227 (Or. 1994).
· cites it 4× “The department argues that, to hold otherwise would create an exception to ORS 308.525, which requires centrally assessed utilities to provide statements of gross receipts and net earnings to the department, because ORS 308.”
Level 3 Commc'ns, LLC v. Dept. of Rev., 490 P.3d 149 (Or. 2021).
· cites it 2× “545 expressly allows the department to consider the value of the company’s stock and the amount of the company’s income when valuing the company’s property, and it does so in two ways: by allow- ing the department to “take into consideration” the annual statements that a company…”
Nw. Nat. Gas Co. v. Dep't of Revenue, 226 P.3d 28 (Or. 2010).
“See also ORS 308.525(9) (annual statement must contain a detailed statement of personal property located in Oregon owned by the centrally assessed company); WSATA Handbook at 13 (“[mjandatory reporting usually requires a detailed listing of *563 all items of taxable property…”
Union Pac. R.R. v. Dep't of Revenue, 10 Or. Tax 235 (Or. T.C. 1986).
· cites it 2× “520 requires railroads to file annual statements and specifies in ORS 308.525 the contents of those statements.”
S. Pac. Transp. Co. v. Dep't of Revenue, 664 P.2d 401 (Or. 1983).
· cites it 4× “The company reports the length of the routes both within and without the state, including those it “controls or uses as owner, lessee or otherwise,” ORS 308.525(11). When the unit rule is applied to a company which “owns, leases, operates over or uses rail, * * * operational…”
D. R. Johnson Lumber Co. v. Dep't of Revenue, 12 Or. Tax 429 (Or. T.C. 1993).
· cites it 2× “The information required by ORS 308.525 for a company may not be the information of the “owner” but the information of the “user.”
PacifiCorp v. Dept. of Rev. (Or. T.C. 2023).
· cites it 2× “524 requires each company subject to central assessment to file an annual tax return, and ORS 308.525 sets forth 16 items that must be disclosed, the last of which is “[a]ny other facts or information the Department of Revenue requires in the form of return prescribed by it.”
— Or. Rev. Stat. § 308.525(11) — 2 cases
S. Pac. Trans. v. Dept. of Rev., 664 P.2d 401 (Or. 1983).
“The company reports the length of the routes both within and without the state, including those it "controls or uses as owner, lessee or otherwise," ORS 308.525(11). When the unit rule is applied to a company which "owns, leases, operates over or uses rail, * * * operational…”
S. Pac. Transp. Co. v. Dep't of Revenue, 664 P.2d 401 (Or. 1983).
“The company reports the length of the routes both within and without the state, including those it “controls or uses as owner, lessee or otherwise,” ORS 308.525(11). When the unit rule is applied to a company which “owns, leases, operates over or uses rail, * * * operational…”
— Or. Rev. Stat. § 308.525(12) — 2 cases
S. Pac. Trans. v. Dept. of Rev., 664 P.2d 401 (Or. 1983).
“The company reports the length of the routes both within and without the state, including those it "controls or uses as owner, lessee or otherwise," ORS 308.525(11). When the unit rule is applied to a company which "owns, leases, operates over or uses rail, * * * operational…”
S. Pac. Transp. Co. v. Dep't of Revenue, 664 P.2d 401 (Or. 1983).
“The company reports the length of the routes both within and without the state, including those it “controls or uses as owner, lessee or otherwise,” ORS 308.525(11). When the unit rule is applied to a company which “owns, leases, operates over or uses rail, * * * operational…”
— Or. Rev. Stat. § 308.525(13) — 2 cases
D. R. Johnson Lumber Co. v. Dep't of Revenue, 866 P.2d 1227 (Or. 1994).
“The department argues that, to hold otherwise would create an exception to ORS 308.525, which requires centrally assessed utilities to provide statements of gross receipts and net earnings to the department, because ORS 308.”
— Or. Rev. Stat. § 308.525(14) — 2 cases
S. Pac. Trans. v. Dept. of Rev., 664 P.2d 401 (Or. 1983).
“The company reports the length of the routes both within and without the state, including those it "controls or uses as owner, lessee or otherwise," ORS 308.525(11). When the unit rule is applied to a company which "owns, leases, operates over or uses rail, * * * operational…”
S. Pac. Transp. Co. v. Dep't of Revenue, 664 P.2d 401 (Or. 1983).
“The company reports the length of the routes both within and without the state, including those it “controls or uses as owner, lessee or otherwise,” ORS 308.525(11). When the unit rule is applied to a company which “owns, leases, operates over or uses rail, * * * operational…”
— Or. Rev. Stat. § 308.525(16) — 1 case
PacifiCorp v. Dept. of Rev. (Or. T.C. 2023).
“524 requires each company subject to central assessment to file an annual tax return, and ORS 308.525 sets forth 16 items that must be disclosed, the last of which is “[a]ny other facts or information the Department of Revenue requires in the form of return prescribed by it.”
— Or. Rev. Stat. § 308.525(6) — 2 cases
S. Pac. Trans. v. Dept. of Rev., 664 P.2d 401 (Or. 1983).
“The company reports the length of the routes both within and without the state, including those it "controls or uses as owner, lessee or otherwise," ORS 308.525(11). When the unit rule is applied to a company which "owns, leases, operates over or uses rail, * * * operational…”
S. Pac. Transp. Co. v. Dep't of Revenue, 664 P.2d 401 (Or. 1983).
“The company reports the length of the routes both within and without the state, including those it “controls or uses as owner, lessee or otherwise,” ORS 308.525(11). When the unit rule is applied to a company which “owns, leases, operates over or uses rail, * * * operational…”
— Or. Rev. Stat. § 308.525(9) — 1 case
Nw. Nat. Gas Co. v. Dep't of Revenue, 226 P.3d 28 (Or. 2010).
“See also ORS 308.525(9) (annual statement must contain a detailed statement of personal property located in Oregon owned by the centrally assessed company); WSATA Handbook at 13 (“[mjandatory reporting usually requires a detailed listing of *563 all items of taxable property…”
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