Or. Admin. Code § 123-674-5050

Current through Register Vol. 63, No. 11, November 1, 2024

Section 123-674-5050 - Property at Time of Zone Designation or Amendment

Respective to an enterprise zone exemption on qualified property under ORS 285C.170 or 285C.175 and the effective date of a zone's designation or of a boundary change that brings the property's location into the zone:

(1) Property or its existing value may not be exempt if before such an effective date that property/value was already:

(a) On the assessment rolls of the county irrespective of location or of ownership/lease; or

(b) Located in the zone or in the process of actual construction, improvement, modification or installation there, irrespective of any:

(A) Site preparation or land development even if onsite and leading to construction, though still needing to occur after Application consistent with OAR 123-674-2000(3); or

(B) Activity described in OAR 123-674-2100(1) such as demolition.

(2) A Firm/applicant may seek authorization and even have its Application approved before but pending such an effective date.

(3) Section (1) of this rule does not apply if the location of an authorized business firm's (proposed) qualified property was part of a terminated zone that is included in the newly designated or amended zone, such that:

(a) The authorization transfers directly to the new zone, provided that the authorization was otherwise still valid consistent with OAR 123-674-9500 or 123-674-9600 in the terminated zone as of the effective date of the designation or boundary change; and

(b) The active or inactive status of the authorization will depend on ORS 285C.165 and the date of the Application's approval or of any statement according to OAR 123-674-3700.

Or. Admin. Code § 123-674-5050

OBDD 14-2024, adopt filed 06/10/2024, effective 6/10/2024

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

Statutes/Other Implemented: ORS 285C.140, 285C.165, 285C.170, 285C.175 & 285C.245