Current through Register Vol. 61, No. 4, April 1, 2022
Water transportation companies. The value of the Oregon portion
of a unit of mobile watercraft property used by a company operating both within
and without this state in the business of providing water transportation shall
be calculated by multiplying the assessable value of the unit by a percentage,
which shall be the sum of:
(1) The
ratio the Oregon portion of the originating and terminating tons of the
assessable unit for the prior year bears to the total originating and
terminating tons of the unit for the prior year times 50 percent;
plus
(2) The ratio the Oregon
portion of the ton-miles of the assessable unit for the prior year bears to the
unit's total ton-miles for the prior year times 50 percent.
(3) The assessable unit of mobile watercraft
property is defined as the value of all mobile watercraft property owned or
used by the company less:
(a) That portion of
value of any watercraft that ply the high seas or between the high seas and
inland ports, such portion to be based on the ratio the days in service on the
high seas or between the high seas and inland ports for the prior year bears to
the total days available for service for the prior year (ORS
308.256(2)(b)
and
308.515(3)(a));
and
(b) That portion of value of
any watercraft engaged in locally assessable activities described in ORS
308.515(3)(b),
such portion to be based on the ratio the days in service engaged in locally
assessable activities described in 308.515(3)(b) for the prior year bears to
the total days available for service for the prior year; and
(c) The value of any vessel undergoing
substantial repairs as of the assessment date as defined in OAR
150-308-0420.
(4) For
companies primarily providing passenger or excursion service, trips shall
replace tons and trip-miles shall replace ton-miles in sections (1) and
(2).
Notes
Or.
Admin. R. 150-308-0615
RD 6-1994, f.
12-15-94, cert. ef. 12-30-94; Renumbered from 150-308.550(2)-(H),
REV
59-2016, f. 8-13-16, cert. ef.
9/1/2016;
REV
21-2018, minor correction filed 11/07/2018, effective
11/7/2018
Statutory/Other Authority: ORS
305.100
Statutes/Other Implemented: ORS
308.550
