Bill Text: OR HB3017 | 2011 | Regular Session | Enrolled

Oregon House Bill 3017 (Prior Session Legislation)

Bill Title: Relating to enterprise zones.

Sponsorship: Slight Partisan Bill (Democrat 8-3)

Status: (Passed) 2011-06-16 - Chapter 375, (2011 Laws): Effective date January 1, 2012. [HB3017 Detail]

Download: Oregon-2011-HB3017-Enrolled.html



     76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session

                            Enrolled

                         House Bill 3017

Sponsored by Representative BAILEY; Representatives CONGER,
  HUFFMAN, KOMP, MCLANE, Senators BURDICK, HASS, JOHNSON, MONNES
  ANDERSON, ROSENBAUM, VERGER

                     CHAPTER ................

                             AN ACT

Relating to enterprise zones; amending ORS 285C.255 and 285C.406.

Be It Enacted by the People of the State of Oregon:

  SECTION 1. ORS 285C.255, as amended by section 22, chapter 76,
Oregon Laws 2010, is amended to read:
  285C.255. (1) Notwithstanding any other provision of ORS
285C.050 to 285C.250:
  (a) An area may not be designated as an enterprise zone after
June 30,   { - 2013 - }  { +  2025 + };
  (b) A business firm may not obtain authorization under ORS
285C.140 after June 30,   { - 2013 - }  { +  2025 + }; and
  (c) An enterprise zone, except for a reservation enterprise
zone or a reservation partnership zone, that is in existence on
June 29,   { - 2013 - }  { +  2025 + }, is terminated on June 30,
 { - 2013 - }  { +  2025 + }.
  (2) Notwithstanding subsection (1) of this section:
  (a) A reservation enterprise zone may be designated, and a
reservation partnership zone may be cosponsored, under ORS
285C.306 after June 30,   { - 2013 - }  { +  2025 + }; and
  (b) A business firm may obtain authorization under ORS 285C.140
after June 30,   { - 2013 - }  { +  2025 + }:
  (A) If located in a reservation enterprise zone or a
reservation partnership zone; or
  (B) As allowed under ORS 285C.245 (1)(b).
  SECTION 2. ORS 285C.406 is amended to read:
  285C.406. In order for a taxpayer to claim the property tax
exemption under ORS 285C.409 or a corporate excise or income tax
credit under ORS 317.124:
  (1) The written agreement between the business firm and the
rural enterprise zone sponsor that is required under ORS 285C.403
(3)(c) must be entered into prior to the termination of the
enterprise zone under ORS 285C.245; and
  (2)(a) For the purpose of the property tax exemption, the
business firm must obtain certification under ORS 285C.403 on or
before June 30,   { - 2013 - }  { +  2025 + }; or
  (b) For the purpose of the corporate excise or income tax
credit, the business firm must obtain certification under ORS
285C.403 on or before June 30, 2012.
                         ----------

Enrolled House Bill 3017 (HB 3017-A)                       Page 1

Passed by House March 24, 2011

    .............................................................
                         Ramona Kenady Line, Chief Clerk of House

    .............................................................
                                    Bruce Hanna, Speaker of House

    .............................................................
                                   Arnie Roblan, Speaker of House

Passed by Senate May 31, 2011

    .............................................................
                              Peter Courtney, President of Senate

Enrolled House Bill 3017 (HB 3017-A)                       Page 2

Received by Governor:

......M.,............., 2011

Approved:

......M.,............., 2011

    .............................................................
                                         John Kitzhaber, Governor

Filed in Office of Secretary of State:

......M.,............., 2011

    .............................................................
                                   Kate Brown, Secretary of State

Enrolled House Bill 3017 (HB 3017-A)                       Page 3