Property:
Oregon Tax Court Holds in Taxpayer’s Favor that Statute Taxing Intangible Property is Unconstitutional
TC Case No. 5409, Or. Tax Ct. (8/23/23). In an unpublished order of the Regular Division of the Oregon Tax Court (Court), the Court held that Oregon Rev. Stat. section 308.515(1) involving the taxation of intangible property held by centrally assessed businesses violated the US Constitution’s Equal Protection Clause and Oregon Constitution’s Uniformity Clause as it pertained to a particular air transportation company, because it taxed intangible property used in certain industries while exempting other materially identical transportation companies. Specifically, the Court explained that it found no genuine differences between the air transportation company’s taxable use of intangible property in its transportation business and the exempt use of intangible property in road transportation businesses or in other businesses that rely on a network of property. Please contact us with any questions.
30 Rockefeller Plaza New York, NY 10112-0015 United States
About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.
Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our professionals deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte’s approximately 415,000 peopleworldwide make an impact that matters at www.deloitte.com.
