Is reduced by more than 85 percent from the highest number of employees of the firm; or
(B)
Has been reduced by more than 50 percent from the highest number of employees of the firm over two consecutive annual filing periods under ORS 285C.220 (Exemption claims) (1); or
(b)
The annual average number of employees of the firm during the first assessment year for which the exemption under ORS 285C.175 (Enterprise zone exemption) is granted, or any subsequently allowed year of exemption, is reduced below the greater of:
(A)
The annual average number of employees of the firm, averaged over the 12 months preceding the date of the application for authorization, plus one employee; or
(B)
110 percent of the annual average number of employees of the firm, averaged over the 12 months preceding the date of the application for authorization.
(2)
For the purposes of this section:
(a)
Except as provided in paragraph (c)(A) of this subsection, the number of employees of the firm is the employment of the firm, as defined in ORS 285C.200 (Qualifications of business firm) (7)(b), on the earlier of the date a claim for exemption is filed under ORS 285C.220 (Exemption claims) or April 1 of the year in which the exemption is initially claimed under ORS 285C.175 (Enterprise zone exemption) and following each assessment year of the exemption, including after the last such assessment year.
(b)
Except as provided in paragraph (c)(B) of this subsection, the annual average number of employees of the firm is the number of employees of the firm averaged over the course of each assessment year in which an exemption under ORS 285C.175 (Enterprise zone exemption) is allowed, using employment figures for no fewer than four equivalent periods during the year.
Combining the number of employees of the firm and the number of employees at any applicable site of the firm outside the enterprise zone; and
(B)
Combining the annual average number of employees of the firm with the annual average number of employees at any applicable site of the firm outside the enterprise zone.
(3)
Operations of a business firm are not substantially curtailed under this section during a period of suspension as otherwise provided in ORS 285C.203 (Suspension of employment requirements). [2003 c.662 §40; 2010 c.39 §5; 2017 c.83 §7]