Or. Admin. R. 150-321-0620 - Common Ownership of Small Tract Forestlands

150-321-0620 - Common Ownership of Small Tract Forestlands
150-321-0610 - Information Which May Be Furnished150-321-0630 - Establishing the Identity of the Taxpayer for Severance Tax

150-321-0620
Common Ownership of Small Tract Forestlands

(1) For purposes of ORS 321.700(1), “Direct ownership” means ownership of forestland by one or more individuals or control of property rights in forestland granted under a real estate contract, trust or other written agreement.

(2) “Majority interest” means an interest greater than 50 percent.

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