Oregon Revised Statutes Revenue and Taxation § 308.519

(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.

(a) Not a company described in ORS 308.515 (1); or

(b) A company described in ORS 308.515 (1) and 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)(a) For purposes of ORS 308.505 to 308.681, 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.

(b) Notwithstanding paragraph (a) of this subsection, property that is used or held for future use by a company whose property is granted an exemption under ORS 308.677 and that would otherwise be assessed under this section shall be assessed under ORS 308.677.