Disqualification of Particular Property
A qualified business firm does not lose its ongoing enterprise zone exemption under ORS 285C.175 (Enterprise zone exemption) on all qualified property if only certain property fails to satisfy a relevant requirement:
Not actually in use or occupancy (notwithstanding its being in service) for at least 180 consecutive days concluding in the preceding exemption year.
In order for the qualified business firm to avoid the 20-percent penalty on the back taxes associated with such property-specific disqualification, notice under ORS 285C.240 (Disqualification)(1)(a), (e) or (f) is due by July 1 after the year in which failure occurred. The owner of leased, exempt property may give such notice, and the firm may do so through a timely exemption claim as described in 123-674-6200 (Filing Latter-year Claims).