(1) For purposes of this section: (a) Nonprofit corporation means a corporation that: (A) Is organized not for profit, pursuant to ORS chapter 65 or any predecessor of ORS chapter 65; or (B) Is organized and operated as described under section 501(c) of the Internal Revenue Code as defined in ORS 305.842. (b) Senior services center means property that: (A) Is owned or being purchased by a nonprofit corporation; (B) Is actually and exclusively used to provide services and activities (including parking) primarily to or for persons over 50 years of age; (C) Is open generally to all persons over 50 years of age; (D) Is not used primarily for fund-raising activities; and (E) Is not a residential or dwelling place. (2) Upon compliance with ORS 307.162, a senior services center is exempt from ad valorem property taxation.
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