Section 307.197 - Equipment used for certain emergencies in navigable watersCommunications equipment, emergency response equipment and other tangible personal property is exempt from ad valorem property taxation if the equipment or property is:
(1) Acquired or used primarily for the purposes of responding to and maintaining the capability to respond to shipboard fires or oil spills in navigable waters;(2) Owned by a nonprofit corporation organized under ORS chapter 65 that operates as a maritime fire and safety association; and(3) Made available by the nonprofit corporation for use by a federal, state or local emergency response agency pursuant to a mutual aid compact.