Local assessment of data center property
(1)The following real and tangible personal property used or held for future use by a company described in subsection (2) of this section shall be locally assessed:
(a)Property constituting a data center or used in connection with the operation of data center property;
(b)Property used on the data center property to generate electricity; and
(c)Electricity generated by property described in paragraph (b) of this subsection.
(2)Subsection (1) of this section applies to a company that is:
(a)Not a company described in ORS 308.515 (Department to make annual assessment of designated utilities and companies) (1); or
(b)A company described in ORS 308.515 (Department to make annual assessment of designated utilities and companies) (1) if the historical or original cost of the real and tangible personal property of all data centers owned, leased or used by the company in Oregon and all additions to the data center property, excluding property described in subsection (1)(b) and (c) of this section, is equal to or greater than $200 million.
(3)For purposes of ORS 308.505 (Definitions for ORS 308.505 to 308.674) to 308.674 (Exemption equal to difference between real market value of company’s centrally assessable property and 130 percent of cost of company’s centrally assessable real and tangible personal property), property described in subsection (1) of this section, and intangible personal property that is related to the property, may not be included in any unit subject to central assessment. [2015 c.23 §8; 2019 c.164 §2]
Section 308.519 — Local assessment of data center property,