ORS 285C.145
Leasing existing property to authorized firm

failure to timely file for authorization
certain records exempt from disclosure

Text
Annotations

(1)

The Legislative Assembly finds that the standard procedure for authorization in an enterprise zone inappropriately deters development or redevelopment of qualified buildings on speculation for subsequent sale or lease to eligible business firms.

(2)

Notwithstanding ORS 285C.140 (Application for authorization) (1), a new building or structure or an addition to or modification of an existing building or structure may qualify for the exemption allowed under ORS 285C.175 (Enterprise zone exemption) if the qualified property is leased or sold by an unrelated party to one or more authorized business firms after commencement of the construction, addition or modification but prior to use or occupancy of the qualified property.

(3)

A business firm may not be considered authorized and is not qualified for the exemption allowed under ORS 285C.175 (Enterprise zone exemption) if the county assessor discovers prior to initially granting the exemption that the application for authorization was not submitted by the business firm in a timely manner in accordance with ORS 285C.140 (Application for authorization), except as allowed under subsection (2) of this section or ORS 285C.140 (Application for authorization) (11) and (12).

(4)

Records, communications or information submitted to a public body by a business firm for purposes of ORS 285C.050 (Definitions for ORS 285C.050 to 285C.250) to 285C.250 (Redesignation or designation of new zone following zone termination) that identify a particular qualified property, that reveal investment plans prior to authorization, that include the compensation the firm provides to firm employees, that are described in ORS 192.355 (Public records exempt from disclosure) (17) or that are submitted under ORS 285C.225 (Sponsor’s addendum) or 285C.235 (Authority of county assessor) are exempt from disclosure under ORS 192.311 (Definitions for ORS 192.311 to 192.478) to 192.478 (Exemption for Judicial Department) and, as appropriate, shall be shared among the county assessor, the zone sponsor, the Department of Revenue and the Oregon Business Development Department. [Formerly 285B.701; 2007 c.152 §3]

Source: Section 285C.145 — Leasing existing property to authorized firm; failure to timely file for authorization; certain records exempt from disclosure, https://www.oregonlegislature.gov/bills_laws/ors/ors285C.html.

285C.045
Short title 285C.050
Definitions for ORS 285C.050 to 285C.250 285C.055
Legislative purpose 285C.060
Duties of Oregon Business Development Department 285C.065
Designation of enterprise zone 285C.066
Department may adopt certain rules 285C.067
Consultation with local taxing districts 285C.068
Port cosponsorship of zones 285C.070
Election to permit hotels, motels or destination resorts as eligible business firms 285C.074
Documentation for zone designation or redesignation to be submitted to department 285C.078
Notification to department of intent to make designation of enterprise zone or zone or city for electronic commerce 285C.085
Federal enterprise zones 285C.090
Requirements for area to be designated zone 285C.095
Designation for electronic commerce 285C.100
Alternative designation of city for electronic commerce 285C.102
Documentation for designation of zone or city for electronic commerce to be submitted to department 285C.105
Duties of zone sponsor 285C.110
Availability of public property 285C.115
Change of zone boundaries 285C.117
Documentation for zone boundary change to be submitted to department 285C.120
Zone boundary change restrictions when county ceases to be sparsely populated 285C.125
Duties of Department of Revenue 285C.130
Duties of county assessor 285C.135
Requirements for eligibility 285C.140
Application for authorization 285C.145
Leasing existing property to authorized firm 285C.150
Conditions required by sponsor for authorization 285C.155
Minimum employment and other requirements for authorization 285C.160
Agreement between firm and sponsor for additional period of exemption 285C.165
Extension of period of authorization 285C.170
Construction-in-process exemption 285C.175
Enterprise zone exemption 285C.180
Qualified property generally 285C.185
Minimum cost of qualified property 285C.190
Requirements for qualifying reconditioned, refurbished, retrofitted or upgraded property 285C.200
Qualifications of business firm 285C.203
Suspension of employment requirements 285C.205
Effect of productivity increases on qualification of certain firms 285C.210
Substantial curtailment of business operations 285C.215
First-source hiring agreements 285C.220
Exemption claims 285C.225
Sponsor’s addendum 285C.230
Assessor to grant or deny exemption 285C.235
Authority of county assessor 285C.240
Disqualification 285C.245
Termination 285C.250
Redesignation or designation of new zone following zone termination 285C.255
Sunset of enterprise zone program 285C.300
Definitions for ORS 285C.300 to 285C.320 285C.303
Legislative findings 285C.306
Reservation enterprise zones and reservation partnership zones 285C.320
Status of reservation enterprise zone and reservation partnership zone 285C.350
Definitions for ORS 285C.350 to 285C.370 285C.353
Designation of rural renewable energy development zones 285C.356
Application for authorization 285C.359
Qualified property 285C.362
Exemption 285C.365
Application of enterprise zone laws 285C.370
Rules 285C.400
Definitions for ORS 285C.400 to 285C.420 285C.403
Certification of business firm 285C.406
Claiming property tax exemption or income tax credit 285C.409
Property tax exemption 285C.412
Conditions for continued exemption 285C.415
Notice to county assessor 285C.420
Disqualification 285C.495
Short title 285C.500
Definitions for ORS 285C.500 to 285C.506 285C.503
Preliminary certification of facility 285C.506
Annual certification of facility 285C.540
Definitions for ORS 285C.540 to 285C.559 285C.543
Rules 285C.545
Annual limit to cost of facility in granting tax credits 285C.547
Application for preliminary certification 285C.549
Transferability of facility tax credit 285C.551
Submission of plans, specifications and contract terms 285C.553
Final certification 285C.555
Rules 285C.557
Certification required for tax credits 285C.559
Revocation of certificate 285C.600
Definitions for ORS 285C.600 to 285C.635 285C.603
Legislative purpose 285C.606
Determination of projects for tax exemption 285C.609
Request by county 285C.612
Eligible project application fees 285C.615
Annual participant reports 285C.620
Confidentiality of project information 285C.623
Strategic investment zones 285C.626
Business firm application for project within strategic investment zone 285C.635
Determination of personal income tax revenue 285C.650
Certification as qualified equity investment 285C.653
Tax credit utilization limit per tax year 285C.656
Suspension or revocation of certificate 285C.659
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Location: https://oregon.public.law/statutes/ors_285c.145

Original Source: Section 285C.145 — Leasing existing property to authorized firm; failure to timely file for authorization; certain records exempt from disclosure, https://www.oregonlegislature.gov/bills_laws/ors/ors285C.html (last accessed Aug. 25, 2023).