Oregon Statutes 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:
Terms Used In Oregon Statutes 307.020
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- Personal property: All property that is not real property.
(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]