PacifiCorp Fails to Topple Property Tax Law at Oregon Top Court

Electric company PacifiCorp owes Oregon property tax on its goodwill, intellectual property, and other intangible assets after the state supreme court rejected the utility’s constitutional arguments Thursday.

The Oregon Supreme Court pointed to its July 24 opinion in a related case involving Delta Air Lines Inc. for its conclusion that the state’s tax the intangible property of centrally assessed businesses is constitutional. It affirmed the constitutional aspect of the Oregon Tax Court’s opinion, which said that genuine differences between PacifiCorp‘s use of intangible property in its business as a regulated public entity and exempt uses in non-regulated businesses justify disparate ...