Oregon Business Development Department
Chapter 123
Division 690
LONG-TERM RURAL ENTERPRISE ZONE INCENTIVES
123-690-6000
PROPERTY TAX CONTINGENCIES — Other Exemptions
(1) An eligible business firm may seek and receive approval for authorization under ORS 285C.140 according to OAR 123-674, while applying for or being certified under ORS 285C.403, although the business firm shall decide irrevocably on which program to use before seeking an exemption on any mutually applicable property, including but not limited to exemption either under 285C.403(1)(a) & (b) or under ORS 285C.170 or 307.330 on property in the process of construction, reconstruction, additions, modifications or installation.
(2) For purposes of ORS 285C.409(5), a certified business firm’s receipt of the 7 to 15-year exemption period on facility property under ORS 285C.409(1)(c) demands that:
(a) The property has been exempted under ORS 285C.409(1)(a) or (b) during construction or while making improvements or installations, insofar as the property existed at the Facility Site on an assessment date when the facility was not yet in service; and
(b) By that same assessment date, the firm was certified in accordance with OAR 123-690-2400.
Statutory/Other Authority: ORS 285A.075 & 285C.060(1)
Statutes/Other Implemented: ORS 285C.403, 285C.409 & 285C.420
History:
OBDD 10-2023, amend filed 07/05/2023, effective 07/05/2023
OBDD 6-2020, amend filed 08/12/2020, effective 08/12/2020
OBDD 5-2017, amend filed 11/29/2017, effective 11/29/2017
OBDD 11-2015, f. & cert. ef. 10-5-15
OBDD 29-2010, f. & cert. ef. 6-14-10