Rule Rule 123-674-4800
Sale or Leasing of Exempt Property

For purposes of ORS 285C.175(2)(c), a qualified business firm may sell or lease qualified property, and theexemption that is about to begin or is ongoing may continue for the remainder of its normal period. This rule depends on all of the following, otherwise the exemption is subject to denial or an event under ORS 285C.240(1)(a) and repayment of back taxes as applicable:


The qualified property was located at the site identified in the Application (as potentially amended) when it first qualified, and it continues to be eligibly used inside the enterprise zone.


The purchaser or lessee is an eligible business firm.


Requirements in OAR 123-674-4000 to 123-674-4600 are effectively satisfied, including that the combined Annual Employment of the purchaser/lessee and of the originally qualified business firm equal or exceed the sum of:


The minimum Annual Employment required of the firm in OAR 123-674-4600(1)(a); and


The annual average employment of the purchaser/lessee in the zone immediately prior to the change in ownership/lease.


That the purchaser/lessee and the qualified property comply with all other applicable requirements.
Last accessed
Jan. 19, 2020