(2) Notwithstanding ORS 285C.140 (1), a new building or structure or an addition to or modification of an existing building or structure may qualify for the exemption allowed under ORS 285C.175 if the qualified property is leased or sold by an unrelated party to one or more authorized business firms after commencement of the construction, addition or modification but prior to use or occupancy of the qualified property.
(3) A business firm may not be considered authorized and is not qualified for the exemption allowed under ORS 285C.175 if the county assessor discovers prior to initially granting the exemption that the application for authorization was not submitted by the business firm in a timely manner in accordance with ORS 285C.140, except as allowed under subsection (2) of this section or ORS 285C.140 (11) and (12).
(4)(a) Records, communications or supporting information submitted to a public body by a business firm for purposes of ORS 285C.050 to 285C.250 or 285C.400 to 285C.420 are exempt from disclosure under ORS 192.311 to 192.478 if the records, communications or supporting information:
(A) Identify particular items of real property machinery and equipment or personal property;
(B) Reveal investment plans prior to authorization or certification;
(C) Include the compensation or wages the business firm provides to firm employees;
(D) Are described in ORS 192.355 (17); or
(E) Are submitted under ORS 285C.225 or 285C.235.
(b) Records, communications or supporting information described in paragraph (a) of this subsection may be shared among the county assessor, the zone sponsor, the Department of Revenue and the Oregon Business Development Department, as appropriate, without affecting the exemption from disclosure under this subsection. [Formerly 285B.701; 2007 c.152 §3; 2025 c.565 §5]