Oregon § 324.070 Imposition of tax; rate; basis of levy

Oregon Statutes

§ 324.070 — Imposition of tax; rate; basis of levy

Oregon § 324.070

Vol.8

Title 29Revenue and Taxation

Ch. 324Oil and Gas Tax

This text of Oregon § 324.070 (Imposition of tax; rate; basis of levy) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 324.070 (2026).

Text

(1)A privilege tax of six percent of the gross value at the well is levied upon the production of oil and gas within the State of Oregon. The gross value at the well shall be reduced by the value of any part thereof, the ownership or right to which is exempt from taxation.

(2)The tax levied shall be measured by the value of the whole production, including what is commonly known as the royalty interest.

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(1) A privilege tax of six percent of the gross value at the well is levied upon the production of oil and gas within the State of Oregon. The gross value at the well shall be reduced by the value of any part thereof, the ownership or right to which is exempt from taxation.
(2) The tax levied shall be measured by the value of the whole production, including what is commonly known as the royalty interest.