Rule Rule 123-668-1600
Funds Derived through an Enterprise Zone

Moneys or revenue due to the enterprise zone are a special but publicly accountable resource. They may arise:
(1) In the form of payments to the zone sponsor by a business firm:
(a) As specified in statute or law, in the case of:
(A) The authorization filing fee under ORS 285C.140 (Application for authorization)(1)(c) consistent with OAR 123-668-1700 (Authorization Filing Fee); or
(B) The payback of one year’s tax savings in lieu of disqualification under ORS 285C.240 (Disqualification)(6), as described in OAR 123-674-6600 (PAYBACK IN LIEU OF DISQUALIFICATION — Applicability) to 123-674-6630 (Utilization of Payments).
(b) As a result of an additional requirement agreed to or imposed on the firm by the sponsor in conformance with OAR 123-668-2000 (REQUIREMENTS ON BUSINESSES — Applicable Situations) to 123-668-2500 (Additional Conditions in an Urban Zone) for the situations described in OAR 123-668-2000 (REQUIREMENTS ON BUSINESSES — Applicable Situations)(1) and (2). (Such requirements might also have the firm make payments to other entities, such as a charitable cause, or perform other types of actions)
(2) Under ORS 285C.205 (Effect of productivity increases on qualification of certain firms)(3), through deposits by a qualified business firm into an account established by the sponsor, from which moneys are either refunded to the firm for training expenses, or transferred to local publicly funded job training providers.
(3) The Department of Revenue’s distribution to the sponsor and other taxing districts of 30 percent of the corporate income or excise taxes paid by a corporation under ORS 317.131 (Distribution of funds to local governments), as addressed in OAR 123-690-8500 (Revenue Distribution to Local Zone Sponsor).
Last accessed
Sep. 24, 2020