Oregon Revised Statutes

Or. Rev. Stat. § 554.320 (2026)

Exemption from taxation

✓ current as of May 2026

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554.320 Exemption from taxation. 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. [Amended by 1993 c.502 §5; 2013 c.284 §9]

554.330 [Repealed by 1969 c.345 §20]

Notes of Decisions

Cited in 2 cases, 1978–1992 · leading case: Comeaux v. Water Wonderland Improvement Dist., 12 Or. Tax 132 (Or. T.C. 1992).

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Comeaux v. Water Wonderland Improvement Dist., 12 Or. Tax 132 (Or. T.C. 1992). “” ORS 554.320. If they are dissolved as “inactive,” the county board is required to take charge of their liquidation.”

Sal La Sea Dist. Improvement Co. v. Dep't of Revenue, 7 Or. Tax 436 (Or. T.C. 1978). · cites it 3× “) *440 The plaintiff has appealed from the three orders of the defendant Department of Revenue on the ground that plaintiffs water systems in the Roads End District and Sal La Sea I are and were exempt under ORS 554.320 as property of a tax-exempt district improvement company.”

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