Oregon Portland Cement Co. v. Department of Revenue

Loren D. Hicks, Judge pro tempore.

These three cases, which were consolidated for trial and decision, concern the definition of “inventory” as used in the 1965 Inventory Tax Relief Act, Or L 1965, ch 604, § 1, codified as ORS 310.605 to 310.625. ORS 310.605 (2) provides:

“For purposes of ORS 310.605 to 310.625, ‘inventory’ means all livestock and all items of tangible personal property described as materials, supplies, containers, goods in process, finished goods and other personal property owned by or in possession of the taxpayer, that are or will become, part of the stock in trade of the…