Northwest Natural Gas Co. v. Department of Revenue

The issue in this appeal from a judgment of the Oregon Tax Court is whether the business inventory of taxpayers subject to central assessment pursuant to ORS 308.505 to 308.665 is exempt from ad valorem property taxation under ORS 307.400. The Tax Court concluded that the Department of Revenue (department) had incorrectly determined that, because Northwest Natural Gas Company (taxpayer) is subject to central assessment, its inventory is not exempt under the business inventory exemption. Northwest Natural Gas Co. v. Dept. of Rev., 19 OTR 367, 2007 WL 4127669 (2007) (Northwest Natural I). For…