For purposes of the written agreement that is required between the sponsor of an enterprise zone and an eligible business firm under ORS 285C.160:

1. (1) To receive an additional one to seven years of exemption, the agreement must be finalized no later than completion of the Approval Form.
2. (2) Both the Firm/applicant seeking an extended abatement and the sponsor of the zone (see OAR 123-668-2450) must formally endorse the agreement.

3. (3) The agreement shall specify whether:

   1. (a) The total period of abatement is four, five, six, seven, eight, nine, or ten consecutive years; and
   2. (b) The Firm/applicant needs to fulfill any additional requirement with respect to determining satisfaction and consequence of its not being met, in accordance with OAR 123-668-2000 to 123-668-2500.
4. (4) Adherence to or satisfaction of such additional requirements shall in no way condition the first three years of an eligible business firm’s enterprise zone exemption under ORS 285C.175(2)(a).
5. (5) For written agreements of an abatement period of six to ten years, the agreement must explain how the project meets the requirements for substantial capital investment, regional economic impact, or alignment with local economic development goals.

6. (6) For any agreement entered into on or after September 24, 2023, it:

   1. (a) Shall take effect only in accordance with OAR 123-668-3000.
   2. (b) Is not valid unless stipulating a rate for the school support fee under ORS 285C.160(2) in accordance with OAR 123-668-4000 and 123-668-4100.
7. (7) Notwithstanding section (1) of this rule, if the zone sponsor rejected a Firm/applicant’s request for an extended tax abatement, and the Application was subsequently approved, but commencement of construction, modification or installation of qualified property has not yet occurred, then the sponsor may reverse its decision and enter into a written agreement based on a resubmitted Application.

Statutory/Other Authority

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

Statutes/Other Implemented

ORS 285C.140, ORS 285C.160, ORS 285C.162, ORS 285C.163, ORS 285C.175 & ORS 285C.060

History

OBDD 10-2026, temporary amend filed 06/05/2026, effective 06/05/2026 through 12/01/2026
OBDD 14-2024, amend filed 06/10/2024, effective 06/10/2024
OBDD 22-2023, minor correction filed 08/24/2023, effective 08/24/2023
OBDD 14-2016, f. & cert. ef. 9-16-16
OBDD 27-2010, f. & cert. ef. 6-14-10