The Legislative Assembly finds that food processing activities make significant contributions to the economy of this state and are important in supporting and maintaining a high level of agricultural diversity, upon which consistent economic performance is based. The Legislative Assembly declares that a property tax exemption for qualified real property machinery and equipment encourages continued operation and expansion of the food processing industry in this state. [2005 c.637 § 2]

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Terms Used In Oregon Statutes 307.453

  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.