Title 26A, Economic Development

(1) Notwithstanding any other provision of ORS 285C.050 to 285C.250: (a) An area may not be designated as an enterprise zone after June 30, 2032; (b) A business firm may not obtain authorization under ORS 285C.140 after June 30, 2032; and (c) An enterprise zone, except for a rese…

As used in ORS 285C.300 to 285C.320: (1) “Eligible business” means a business that: (a) Is engaged within a reservation enterprise zone or a reservation partnership zone in the manufacture or provision of goods, products or services to other businesses or to the general public, t…

The Legislative Assembly finds that the welfare of the residents of the rural Indian reservations of this state is acutely dependent upon the growth, development and expansion of employment and business opportunities within reservation boundaries. Geographic and other obstacles h…

(1) As used in this section, “eligible Indian tribe” means each of the Burns Paiute Tribe, the Confederated Tribes of Coos, Lower Umpqua and Siuslaw Indians, the Confederated Tribes of the Grand Ronde Community of Oregon, the Confederated Tribes of Siletz Indians of Oregon, the C…

(1) A reservation enterprise zone and a reservation partnership zone are rural enterprise zones for purposes of ORS 285C.050 to 285C.250. (2) Reservation enterprise zones and reservation partnership zones may not be taken into account in determining the number of rural enterprise…

As used in ORS 285C.350 to 285C.370: (1) “Applicant” means the city, county or group of counties applying for designation of territory as a rural renewable energy development zone. (2) “Renewable energy” means electricity that is generated through use of a renewable energy resour…

(1) A county, a city in a rural area or a combination of contiguous counties may apply to the Director of the Oregon Business Development Department for designation of the entire territory of the applicant that is located in a rural area as a rural renewable energy development zo…

(1) Following designation of a rural renewable energy development zone, an eligible business firm seeking an exemption under ORS 285C.362 may apply for authorization under ORS 285C.140. (2) The firm shall include a written description of the locations, extent and expected real ma…

Property shall qualify for exemption under ORS 285C.362 if the property meets all of the following requirements: (1) The property constitutes all or a part of a facility used to generate renewable energy or is used to support or maintain a renewable energy facility; (2) The prope…

(1) Property of an authorized business firm is exempt from ad valorem property taxation if: (a) The property is qualified property under ORS 285C.359; (b) The firm meets the qualifications under ORS 285C.200; and (c) The firm has entered into a first-source hiring agreement under…

Except where inconsistent with the provisions of ORS 285C.350 to 285C.370, the provisions of ORS 285C.050 to 285C.250 apply to rural renewable energy development zones as if rural renewable energy development zones were enterprise zones, and to the exemption or disqualification f…

The Oregon Business Development Department may adopt rules for implementing and administering ORS 285C.350 to 285C.370, including rules that define terms. [2003 c.662 §75] LONG TERM TAX INCENTIVES FOR RURAL ENTERPRISE ZONES

As used in ORS 285C.400 to 285C.420: (1) “Business firm” has the meaning given that term in ORS 285C.050. (2) “Certified business firm” means a business firm that has been certified under ORS 285C.403. (3) “County with chronically low income or chronic unemployment” means, based …

(1)(a) A business firm proposing to apply for the tax exemption provided under ORS 285C.409 shall, before the commencement of construction or installation of property or improvements at a location in a rural enterprise zone and before the hiring of employees, apply for certificat…

The sponsor of a rural enterprise zone intending to enter into an agreement with a business firm for purposes of ORS 285C.400 to 285C.420 that may increase the use of infrastructure located outside the zone sponsor’s boundaries shall provide timely notice of the intent to all adj…

(1) As used in this section, “affected school district” means a school district as defined in ORS 332.002 (2) in which the facility of a business firm granted exemption under ORS 285C.409 is located. (2)(a) An agreement entered into under ORS 285C.403 by the governing body of a z…

(1)(a) An agreement between a zone sponsor and a business firm seeking exemption within the rural enterprise zone of the sponsor, including, but not limited to, a written agreement entered into under ORS 285C.403, may not become effective before the day that is 21 days following …

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 b…

(1) A facility of a certified business firm is exempt from ad valorem property taxation: (a) For the first tax year following the calendar year in which the business firm is certified under ORS 285C.403 or after which construction or reconstruction of the facility commences, whic…

In order for a facility of a business firm to continue to be exempt from ad valorem property taxation under ORS 285C.409 for a tax year following the first assessment date on which the facility is in service, all of the conditions of any one of the alternative subsections in this…

(1) A certified business firm that has failed to satisfy an applicable requirement under ORS 285C.412 as of the deadline for meeting the requirement shall notify the county assessor and zone sponsor in writing of the failure as soon as practicable after the deadline. (2)(a) A cer…

(1) If a certified business firm does not begin operations or is not reasonably expected to begin operations, as determined by the county assessor consistent with criteria established by rule of the Department of Revenue, or fails to meet the minimum requirements set forth in ORS…

ORS 285C.500 to 285C.506 may be cited as the Oregon Investment Advantage Act. [2007 c.843 §77]

As used in ORS 285C.500 to 285C.506: (1) “Business firm” has the meaning given that term in ORS 285C.050. (2) “County per capita personal income” means the per capita personal income level published by the Bureau of Economic Analysis of the United States Department of Commerce fo…

(1) A business firm seeking the income and corporate excise tax exemption allowed under ORS 316.778 or 317.391 shall, before the commencement of construction, reconstruction, modification or installation of property or improvements at the location for which the exemption is sough…

(1) Following completion of the construction, reconstruction, modification, acquisition, installation or lease of the facility, the hiring of employees to conduct business operations at the facility and the commencement of operations at the facility, a business firm that obtained…

As used in ORS 285C.540 to 285C.559: (1) “Component parts of electric vehicles” does not include: (a) Parts that may be used in both electric and conventional vehicles; or (b) Batteries. (2) “Cost” means the capital costs and expenses necessarily incurred in the erection, constru…

The Oregon Business Development Department shall by rule establish all of the following criteria: (1) Standards relating to the type of equipment, machinery or other products being manufactured and related performance and efficiency standards applicable to the manufactured produc…

(1) For a renewable energy resource equipment manufacturing facility, the total cost that receives a preliminary certification from the Director of the Oregon Business Development Department for tax credits in any calendar year may not exceed: (a) $2.5 million in the case of a fa…

(1) Prior to erection, construction, installation or acquisition of a proposed renewable energy resource equipment manufacturing facility, any person may apply to the Oregon Business Development Department for preliminary certification under ORS 285C.551 if: (a) The facility comp…

(1) The owner, contract purchaser or lessee of a renewable energy resource equipment manufacturing facility may transfer a tax credit for the facility in exchange for a cash payment equal to the present value of the tax credit. (2) The Director of the Oregon Business Development …

(1) The Director of the Oregon Business Development Department may require the submission of plans, specifications and contract terms and after examination of the plans, specifications and terms, may request corrections and revisions. (2) If the director determines that the propo…

(1) A final certification may not be issued by the Director of the Oregon Business Development Department under this section unless: (a) The renewable energy resource equipment manufacturing facility was erected, constructed, installed or acquired under a preliminary certificate …

By rule and after hearing, the Director of the Oregon Business Development Department may adopt a schedule of reasonable fees that the Oregon Business Development Department may require of applicants for preliminary or final certification under ORS 285C.540 to 285C.559. Before th…

(1) A certificate issued under ORS 285C.553 or 469B.161 is required for purposes of obtaining tax credits in accordance with ORS 315.341. Such certification shall be granted for a period not to exceed five years. The five-year period shall begin with the tax year of the applicant…

(1) Under the procedures for a contested case under ORS chapter 183, the Director of the Oregon Business Development Department may order the suspension or revocation of the certificate issued under ORS 285C.553 or 469B.161 if the director finds that: (a) The certification was ob…

As used in ORS 285C.600 to 285C.635: (1) “Affected port” means: (a) A port district located east of the westernmost dam on the Columbia River; or (b) A port district that owns land on which any part of a proposed eligible project will be located. (2) “Business firm” has the meani…

The Legislative Assembly declares that a significant purpose of the strategic investment program established in ORS 285C.600 to 285C.635 and 307.123 is to improve employment in areas where eligible projects are to be located and urges business firms that will benefit from an elig…

(1) The State of Oregon, acting through the Oregon Business Development Commission, may determine that real and personal property constituting a project shall receive the tax exemption provided in ORS 307.123 if: (a) The project is an eligible project; (b) The project directly be…

(1) A determination under ORS 285C.606 (1) by the Oregon Business Development Commission that a project shall be exempt from property taxation under ORS 307.123 must be requested by official action of the governing body of the county in which the proposed eligible project will be…

(1) The Oregon Business Development Commission shall collect the fees set forth in subsection (2) of this section from an applicant that seeks to have the real and personal property constituting the eligible project declared eligible for the tax exemption provided in ORS 307.123.…

(1) On or before April 1 of each tax year that property is exempt under ORS 307.123, the business firm that owns or leases the property shall submit a report to the Oregon Business Development Department, in addition to any other reporting or filing requirement. (2) The report sh…

Notwithstanding ORS 192.311 to 192.478, the identity of an applicant for an eligible project determination under ORS 285C.606, the application form submitted to the county governing body and the Oregon Business Development Commission and the negotiations conducted between the app…

(1) A county seeking to ensure that all eligible projects constructed or installed within a particular geographic area within the county receive the tax exemption under ORS 307.123 may request designation of the geographic area as a strategic investment zone. The request must be …

(1) A business firm seeking the exemption under ORS 307.123 for a project the firm intends to install or construct within a strategic investment zone shall apply to the Oregon Business Development Department. The application shall be in the form and shall contain the information …

(1)(a) Upon receipt of information compiled under ORS 285C.615, the Oregon Department of Administrative Services shall determine the annual amount of personal income tax revenue attributable to retained jobs and newly created jobs for each eligible project for which an eligible b…

(1) A qualified community development entity that seeks to have an equity investment or long-term debt security certified as a qualified equity investment and eligible for a tax credit under ORS 315.533 shall apply to the Oregon Business Development Department. The department sha…

(1) Once the Oregon Business Development Department has certified a cumulative amount of qualified equity investments that can result in the utilization of $16 million of tax credits in any tax year, the department may not certify any more qualified equity investments under ORS 2…

(1) The Director of the Oregon Business Development Department may order the suspension or revocation of a certificate or a portion of a certificate issued under ORS 315.533, as provided in ORS 315.061. (2) The Department of Revenue may recapture any portion of a tax credit allow…

(1) The Oregon Business Development Department shall annually prepare a report that discloses all costs and fees incurred by the department, or by any other state agency, in administering, during the agency fiscal year ending during the current calendar year, the tax credit allow…