Or. Admin. Code § 123-690-6000

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

Section 123-690-6000 - PROPERTY TAX CONTINGENCIES - Other Exemptions

(1) An eligible business firm may seek and receive approval for authorization under ORS 285C.140 according to OAR 123-674, while applying for or being certified under ORS 285C.403, although the business firm shall decide irrevocably on which program to use before seeking any exemption on mutually applicable property-either under ORS 285C.409(1)(a) and (b) or under ORS 285C.170 or 307.330-that is in the process of construction, reconstruction, additions, modifications or installation.

(2) For purposes of ORS 285C.409(5), a certified business firm's receipt of the 7 to 15-year exemption period on facility property under ORS 285C.409(1)(c) demands that:

(a) The property has been exempted under ORS 285C.409(1)(a) or (b) during construction or while making improvements or installations, insofar as the property existed at the Facility Site on an assessment date when the facility was not yet in service; and

(b) On or before any such assessment date, the firm was certified under ORS 285C.403 in accordance with OAR 123-690-2400.

Or. Admin. Code § 123-690-6000

OBDD 29-2010, f. & cert. ef. 6-14-10; OBDD 11-2015, f. & cert. ef. 10/5/2015; OBDD 5-2017, amend filed 11/29/2017, effective 11/29/2017; OBDD 6-2020, amend filed 08/12/2020, effective 8/12/2020; OBDD 10-2023, amend filed 07/05/2023, effective 7/5/2023; OBDD 14-2024, amend filed 06/10/2024, effective 6/10/2024; OBDD 45-2024, minor correction filed 10/17/2024, effective 10/17/2024

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

Statutes/Other Implemented: ORS 285C.403, 285C.409 & 285C.420