Oregon Law
Law as of Jan 1, 2024
Chapter contents
285C.045Short title 285C.050Definitions for ORS 285C.050 to 285C.250 285C.055Legislative purpose 285C.060Duties of Oregon Business Development Department; rules 285C.065Designation of enterprise zone; consent of governing body; positive determination by department required 285C.066Department may adopt certain rules 285C.067Consultation with local taxing districts; school support fee rate; rules 285C.068Port cosponsorship of zones 285C.070Election to permit hotels, motels or destination resorts as eligible business firms; procedures; election revocation 285C.074Documentation for zone designation or redesignation to be submitted to department; requirements for positive determination 285C.075[Formerly 285B.659; 2005 c.704 §7; repealed by 2015 c.648 §25] 285C.078Notification to department of intent to make designation of enterprise zone or zone or city for electronic commerce; required consultation 285C.080[Formerly 285B.653; 2005 c.704 §§2,2a; 2012 c.71 §1; repealed by 2015 c.648 §25] 285C.085Federal enterprise zones 285C.090Requirements for area to be designated zone; exception 285C.095Designation for electronic commerce; revocation; positive determination by department required 285C.100Alternative designation of city for electronic commerce; positive determination by department required 285C.102Documentation for designation of zone or city for electronic commerce to be submitted to department; requirements for positive determination; rules 285C.105Duties of zone sponsor 285C.110Availability of public property 285C.115Change of zone boundaries; positive determination by department required 285C.117Documentation for zone boundary change to be submitted to department; requirements for positive determination 285C.120Zone boundary change restrictions when county ceases to be sparsely populated; waiver of distance limitations 285C.125Duties of Department of Revenue; rules 285C.130Duties of county assessor 285C.135Eligible business firms; exclusions 285C.140Application for authorization; contents; filing fee; conference; approval; appeal; late filing 285C.142Notice to adjacent governments of potential increased infrastructure use 285C.145Leasing existing property to authorized firm; failure to timely file for authorization; certain records exempt from disclosure 285C.150Conditions required by sponsor for authorization; reports 285C.155Minimum employment and other requirements for authorization 285C.160Agreement between firm and sponsor for additional period of exemption; requirements 285C.162School support fee in lieu of property taxes; collection; delinquency; appeals 285C.163Posting of agreement terms on zone sponsor’s website; rules 285C.165Extension of period of authorization; filing fee 285C.170Construction-in-process exemption 285C.175Enterprise zone exemption; requirements; duration 285C.180Qualified property generally 285C.185Minimum cost of qualified property; leased property; hotel, motel or destination resort property; electronic commerce property 285C.190Requirements for qualifying reconditioned, refurbished, retrofitted or upgraded property 285C.195[2003 c.662 §38a; repealed by 2015 c.648 §25] 285C.200Qualifications of business firm; rules 285C.203Suspension of employment requirements; resumption of exemption period; sponsor resolution required 285C.205Effect of productivity increases on qualification of certain firms; uses of tax savings 285C.210Substantial curtailment of business operations 285C.215First-source hiring agreements; rules 285C.220Exemption claims; contents; late filing; fees 285C.225Sponsor’s addendum; property schedule; amendments 285C.230Assessor to grant or deny exemption; assistance of sponsor 285C.235Authority of county assessor; authority of sponsor 285C.240Disqualification; notice and procedures; in lieu payments and additional taxes; penalty; use of moneys 285C.245Termination; reservation zones; effect of termination on exemption; disqualification 285C.250Redesignation or designation of new zone following zone termination 285C.255Sunset of enterprise zone program 285C.260[Formerly 285B.731; renumbered 285C.045 in 2005] 285C.300Definitions for ORS 285C.300 to 285C.320 285C.303Legislative findings 285C.306Reservation enterprise zones and reservation partnership zones 285C.309[Formerly 285B.773; 2010 c.76 §24; renumbered 315.506 in 2017] 285C.320Status of reservation enterprise zone and reservation partnership zone; sponsor 285C.350Definitions for ORS 285C.350 to 285C.370 285C.353Designation of rural renewable energy development zones; requirements; multiple designations; zone sponsor 285C.356Application for authorization 285C.359Qualified property 285C.362Exemption; requirements; duration 285C.365Application of enterprise zone laws 285C.370Rules 285C.400Definitions for ORS 285C.400 to 285C.420 285C.403Certification of business firm; fulfillment centers ineligible; application; written agreement; period of exemption; appeals 285C.404Notice to adjacent governments of potential increased infrastructure use 285C.405School support fee in lieu of property taxes; collection; delinquency; appeals 285C.406[Formerly 285B.796; 2005 c.94 §15; 2005 c.667 §3; 2007 c.888 §2; 2009 c.913 §2; 2011 c.375 §2; 2011 c.730 §6; 2023 c.298 §14; renumbered 285C.408 in 2023] 285C.407Posting of agreement terms on zone sponsor’s website; rules 285C.408Claiming property tax exemption or income tax credit 285C.409Property tax exemption; requirements; duration 285C.412Conditions for continued exemption 285C.415Notice to county assessor 285C.420Disqualification; exception; additional taxes 285C.450[Formerly 285B.825; 2005 c.119 §2; renumbered 307.841 in 2005] 285C.453[Formerly 285B.827; 2005 c.119 §3; renumbered 307.844 in 2005] 285C.456[Formerly 285B.830; 2005 c.119 §4; renumbered 307.847 in 2005] 285C.459[Formerly 285B.833; 2005 c.119 §5; renumbered 307.851 in 2005] 285C.462[Formerly 285B.848; 2005 c.119 §6; renumbered 307.854 in 2005] 285C.465[Formerly 285B.839; 2005 c.119 §7; renumbered 307.857 in 2005] 285C.468[Formerly 285B.842; 2005 c.119 §8; renumbered 307.861 in 2005] 285C.471[Formerly 285B.845; 2005 c.119 §9; renumbered 307.864 in 2005] 285C.480[Formerly 285B.836; 2005 c.119 §10; renumbered 307.867 in 2005] 285C.495Short title 285C.500Definitions for ORS 285C.500 to 285C.506 285C.503Preliminary certification of facility; application; fee; review; appeal 285C.506Annual certification of facility; application; fee; review; appeal; duration of certification 285C.530[Formerly 285B.486; repealed by 2011 c.83 §4] 285C.533[Formerly 285B.488; repealed by 2011 c.83 §4] 285C.540Definitions for ORS 285C.540 to 285C.559 285C.543Rules; criteria for renewable energy resource equipment manufacturing facilities 285C.545Annual limit to cost of facility in granting tax credits; discretion of director 285C.547Application for preliminary certification; eligibility; contents; fees; rules 285C.549Transferability of facility tax credit 285C.551Submission of plans, specifications and contract terms; preliminary certification; suspension or denial 285C.553Final certification; eligibility; application; content; performance agreement; rules 285C.555Rules; fees for certification 285C.557Certification required for tax credits; certification not to exceed five years; use by transferee 285C.559Revocation of certificate; collection 285C.600Definitions for ORS 285C.600 to 285C.635 285C.603Legislative purpose 285C.606Eligibility of projects for tax exemption; exclusions; revenue bond financing; first-source hiring agreements and job fairs 285C.609Request by county; local negotiation training; community services fee agreement; distribution of fee proceeds 285C.612Eligible project application fees 285C.615Annual participant reports; penalty; disclosure; rules 285C.620Confidentiality of project information 285C.623Strategic investment zones; designation; community services fee agreement; distribution of fee proceeds 285C.626Business firm application for project within strategic investment zone 285C.635Determination of personal income tax revenue; distributions to counties; annual limit; rules 285C.639[2007 c.905 §4; 2013 c.722 §51; repealed by 2015 c.757 §4] 285C.650Certification as qualified equity investment; eligibility for tax credit; rules; fees 285C.653Tax credit utilization limit per tax year; rules 285C.656Suspension or revocation of certificate; recapture of tax credit 285C.659Report; posting on Oregon transparency website required

Chapter 285C — Economic Development III

ORS 285C.408 Claiming property tax exemption or income tax credit

In order for a taxpayer to claim the property tax exemption under ORS 285C.409 or a corporate excise or income tax credit under ORS 317.124:

(1)

The written agreement between the business firm and the rural enterprise zone sponsor that is required under ORS 285C.403

(3)(c)

must be entered into prior to the termination of the enterprise zone under ORS 285C.245 or 285C.255 (1)(c); and

(2)(a)

For the purpose of the property tax exemption, the business firm must obtain certification under ORS 285C.403 on or before June 30, 2032; or

(b)

For the purpose of the corporate excise or income tax credit, the business firm must obtain certification under ORS 285C.403 on or before June 30, 2018.

Official sources · 2Tap to view provenance and version history

Online copy of the published ORS edition

Provenance

Version history

Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.