Authorization and Zone Termination
(1)For purposes of exemption under ORS 285C.175 (Enterprise zone exemption) in a sun-setting or terminating enterprise zone, an eligible business firm is authorized and may claim the exemption—subject to section (2) of this rule, OAR 123-674-8300 (Timely Completion of Construction) and other applicable requirements—if:
(a)Its outstanding authorization was still active under ORS 285C.165 (Extension of period of authorization) at the time of termination; or
(b)The local zone manager received the Application before the effective date of the zone’s termination, and the zone sponsor and the county assessor subsequently approved the Application under ORS 285C.140 (Application for authorization) after termination, but:
(A)In this case, if the firm is not otherwise qualified or actively authorized in the terminated zone, it may not grandfather in the zone under ORS 285C.245 (Termination)(1)(b) according to OAR 123-674-8200 (Grandfathering in a Terminated Zone).
(5)Respective to termination of any existing enterprise zone under ORS 285C.255 (Sunset of enterprise zone program) (programmatic sunset of the standard enterprise zone program):
(a)Application must be made on or before June 29, 2025, and approved no later than the very next day;
(b)Any such authorized business firm may avail itself of the grand-fathering provisions in accordance with OAR 123-674-8200 (Grandfathering in a Terminated Zone); and
(c)Ongoing use of such grandfather provisions in any previously terminated zone is unaffected.
Rule 123-674-8100 — Authorization and Zone Termination,