Tangible personal property held for personal use
- • inapplicability to property required to be registered, floating homes, boathouses and manufactured structures
(1) All items of tangible personal property held by the owner, or for delivery by a vendor to the owner, for personal use, benefit or enjoyment, are exempt from taxation.
(2) The exemption provided in subsection (1) of this section does not apply to:
(a) Any tangible personal property held by the owner, wholly or partially for use or sale in the ordinary course of a trade or business, for the production of income, or solely for investment.
(b) Any tangible personal property required to be licensed or registered under the laws of this state.
(c) Floating homes or boathouses, as defined in ORS 830.700 (Definitions for ORS 830.060 to 830.140 and 830.700 to 830.870).
(d) Manufactured structures as defined in ORS 446.561 (Definitions for ORS 446.566 to 446.646). [Amended by 1953 c.698 §7; 1969 c.648 §1; 1977 c.615 §2; 1985 c.614 §1; 1987 c.601 §5; 2003 c.655 §63]
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.