1. (1) An authorized business firm must meet the eligibility qualifications provided for in ORS 285C.200 for qualified property of the firm to be exempt from property taxation under ORS 285C.175.

2. (2) Notwithstanding (1) above, the authorized business firm may maintain eligibility by satisfying the employment requirements provided for in ORS 285C.200(1)(c) by alternatives provided for in:

   1. (a) ORS 285C.200(2) (requires agreement with zone sponsor);
   2. (b) ORS 285C.200(2) (requires agreement with zone sponsor); or
   3. (c) ORS 285C.200(3).

3. (3) Notwithstanding (1) above, the authorized business firm may maintain eligibility by satisfying the employment requirements provided for in ORS 285C.200(1)9d) by the alternatives provided for i:

   1. (a) ORS 285C.200(2) (requires agreement with zone sponsor); or
   2. (b) ORS 285C.200(2) (requires agreement with zone sponsor).
4. (4) Notwithstanding (1) above, the authorized business firm may maintain eligibility by satisfying the qualification provided for in ORS 285C.200(1)(e) by the alternative provided for in ORS 285C.200(3).

Statutory/Other Authority

ORS 285A.075 & ORS 285C.060(1)

Statutes/Other Implemented

ORS 285C.175 & ORS 285C.200

History

OBDD 10-2026, temporary adopt filed 06/05/2026, effective 06/05/2026 through 12/01/2026