Senate Bill 611

Grants property tax exemption to property of centrally assessed company in amount of positive value obtained by subtracting from real market value of company's real property and tangible and intangible personal property included in unit subject to central assessment, reduced by amount of certain elective exemptions, amount equal to historical or original cost of company's real property and tangible personal property included in unit subject to central assessment, without reduction for certain elective exemptions, multiplied by 130 percent. Provides amount of exemption may not exceed amount equal to 95 percent of <b>real market value of</b> company's real property and tangible and intangible personal property included in unit subject to central assessment. Grants property tax exemption to property of centrally assessed company if company <i>completes and</i>] <b>builds,</b> maintains <b>and operates</b> communication infrastructure project that meets certain service standards. Requires submission of application to Public Utility Commission with fee to be distributed equally to commission for costs of reviewing application and Department of Revenue for costs of appraising project property. Provides for exemption in amount of positive value obtained by subtracting from Oregon-allocated real market value of company's real property and tangible and intangible personal property included in unit subject to central assessment, reduced by Oregon-allocated amount of certain elective exemptions, amount equal to greater of $250 million or real market value of company's real and tangible personal property located in Oregon, without reduction for certain elective exemptions. Provides exemption granted for lesser of 20 consecutive property tax years or period during which <i>company</i>]<b> owner</b> maintains and operates communication infrastructure project. Provides, for company eligible for both property tax exemptions, Department of Revenue shall <i>compute property taxes on property under both exemptions and impose taxes that result in least amount of</i>] <b>appraise company's property using provisions of exemption that result in lowest</b> taxable value. Requires Public Utility Commission to report on <i>property tax exemptions</i>] <b>communication infrastructure project exemption</b> to interim committees of Legislative Assembly related to revenue no later than February 1 of each year. Allows company that owns, leases or uses licenses granted by Federal Communications Commission, franchises used in business of communication or satellites used to provide communication services directly to retail customers and licenses granted by Federal Communications Commission related to use of satellites, to elect one of above types of property for property tax exemption. Provides value of property shall equal cost of property carried in accounting records of owner, less accrued depreciation reserve. <i>Provides that value of franchises allocated to Oregon shall be subtracted from assessed value of company's property.</i>] Removes, for purposes of exclusion from central assessment, requirement that data center company have tax abatement agreement with sponsors of enterprise zone. Clarifies that statute applies only to company in business of communication. Raises maximum allowable percentage of cost of property other than data center property and changes base to cost of property used in business of communication. Specifies certain noncommunication-related property excluded from determination of maximum allowable percentage. Provides that company is not subject to central assessment solely because company manufactures or sells property used by any person in communication. <b>Provides for local assessment of data center property used or held for future use by company whose property is not centrally assessed or by company Takes effect on 91st day following adjournment sine die.

In the Senate

• Senate, third reading27–3

  Passed · Mar 2

• House of Representatives, third reading52–2

  Passed · Mar 20 · 6 present

• Senate, concurrence28–2

  Agreed to the other chamber's changes · Mar 24

• Senate committee amendmentAdopted

  Adopted Feb 27

• House of Representatives committee amendmentAdopted

  Adopted Mar 19

l9n doesn't hold this bill's text yet.

In the Senate Feb 10 – Mar 2

1. Feb 10Introduced
2. Sent to Finance and Revenue
3. Feb 16Heard in Finance and Revenue
4. Feb 17Heard in Finance and Revenue
5. Feb 23Heard in Finance and Revenue
6. Feb 24Heard in Finance and Revenue
7. Feb 25Heard in Finance and Revenue
8. Feb 26Heard in Finance and Revenue
9. Heard in Finance and Revenue
10. Feb 27Finance and Revenue recommended it as amended
11. Mar 2Read a second time
12. Passed the Senate, 27 to 3

In the House of Representatives Mar 3 – Mar 20

1. Mar 3Arrived in the House of Representatives
2. Mar 5Sent to Revenue
3. Mar 10Heard in Revenue
4. Mar 16Heard in Revenue
5. Mar 17Heard in Revenue
6. Mar 19Heard in Revenue
7. Revenue recommended it as amended
8. Mar 20Read a second time
9. Passed the House of Representatives, 52 to 2

Back in the Senate Mar 24 – Mar 25

1. Mar 24The Senate agreed to the House of Representatives's amendments and passed it again, 28 to 2
2. Mar 25Signed in the Senate

To the Governor Mar 31 – Apr 7

1. Mar 31Signed in the House of Representatives
2. Apr 2Signed by the Governor
3. Apr 7Became chapter 023 of Oregon Laws 2015
4. In force from October 5, 2015