Chapter 218 Oregon Laws 2003

AN ACT

HB 2625

Relating to taxation; amending section 2, chapter 783, Oregon Laws 1979.

Be It Enacted by the People of the State of Oregon:

SECTION 1. Section 2, chapter 783, Oregon Laws 1979, as amended by section 1, chapter 583, Oregon Laws 1987, and section 7, chapter 748, Oregon Laws 1995, is amended to read:

Sec. 2. [(1)] Cargo containers, as defined in section 1, chapter 783, Oregon Laws 1979, are exempt from taxation for tax years beginning on or after July 1, 1974, but prior to July 1, [2002] 2010.

[(2) Any assessment of property that is exempt under chapter 783, Oregon Laws 1979, is invalid and the assessment and tax shall be deemed canceled, regardless of whether the assessment predated the effective date of chapter 783, Oregon Laws 1979. Assessments of cargo containers which predate December 31, 1978, which are exempt under section 1, chapter 783, Oregon Laws 1979, and which were not on appeal on December 31, 1978, are not invalid and deemed canceled.]

Approved by the Governor June 4, 2003

Filed in the office of Secretary of State June 5, 2003

Effective date January 1, 2004

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