Or. Admin. Code § 123-668-1600

Current through Register Vol. 64, No. 1, January 1, 2025

Section 123-668-1600 - Funds Derived through an Enterprise Zone

Moneys or revenue due to the enterprise zone are a special but publicly accountable resource, which are subject to applicable provisions under ORS Chapter 294 and other state or local laws with regard to collecting, holding and using such funds, and which:

(1) May arise:

(a) In the form of payments to the zone sponsor by a business firm:

(A) As specified in statute or law, in the case of:

(i) The authorization filing fee under ORS 285C.140(1)(c) consistent with OAR 123-668-1700; or

(ii) The payback of one year's tax savings in lieu of disqualification under ORS 285C.240(6), as described in OAR 123-674-6600 to 123-674-6630.

(B) As a result of an additional requirement agreed to or imposed on the firm by the sponsor in conformance with OAR 123-668-2000 to 123-668-2500 for the situations described in OAR 123-668-2000(1) and (2).

(b) Under ORS 285C.205(3) as described in OAR 123-674-4300(3)(b)(B), through deposits by a qualified business firm into an account established by the sponsor, from which moneys are either reimbursed to the firm for training expenses or transferred to local publicly funded job training providers.

(c) From distribution by the Department of Revenue's to the sponsor and other taxing districts of 30 percent of the corporate income or excise taxes paid by a corporation, under ORS 317.131, as addressed in OAR 123-690-8500.

(2) Do not, among other things, include:

(a) School support fees described in OAR 123-668-4000 to 123-668-4300, which are funds held by a school district for the state school system in general.

(b) When a firm makes a payment to another entity such as a charitable cause, or performs other types of actions or services, in satisfying a requirement described in paragraph (1)(a)(B) of this rule.

Or. Admin. Code § 123-668-1600

OBDD 26-2010, f. & cert. ef. 6-14-10; OBDD 13-2015, f. & cert. ef. 11/12/2015; OBDD 9-2020, amend filed 08/12/2020, effective 08/12/2020; OBDD 15-2020, minor correction filed 08/31/2020, effective 8/31/2020; OBDD 14-2024, amend filed 06/10/2024, effective 6/10/2024

Statutory/Other Authority: 285C.060(1) & ORS 285A.075

Statutes/Other Implemented: ORS 285C.105, 285C.140, 285C.150, 285C.155, 285C.160, 285C.203, 285C.205, 285C.240, 285C.403 & 317.131