Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 623 - STRATEGIC INVESTMENT PROGRAM
Section 123-623-1900 - Community Service Fee
Universal Citation: OR Admin Rules 123-623-1900
Current through Register Vol. 63, No. 9, September 1, 2024
(1) The local agreement included with the Application and described in OAR 123-623-1525 or 123-623-1550 shall:
(a) Provide for the community service fee
under ORS 285C.609(4)(b) and
(c) or
285C.623(4)(b) and
(c); and
(b) Stipulate the means by which the
Applicant will annually pay the fee not earlier than December 1 of each tax
year for which the Applicant receives the Abatement.
(2) The depositing of community service fee moneys (under ORS Chapter 294) or their allocation, distribution or transfer by the County or any other entity in OAR 123-623-1950(1) does not affect the Approved Project's eligibility or receipt of the Abatement.
(3) The annual maximum of the community service fee is:
(a) $500,000,
or $2 million with an Urban Project, for any Approved Project by determination
of the Commission before October 6, 2017, or with an SIZ;
(b) $2.5 million, if the determination
occurred on or after October 6, 2017, and the agreement was entered into before
September 24, 2023; or
(c)
Otherwise, under ORS 285C.609(5):
(A) $3 million, in tax year 2024-2025 of the
Abatement.
(B) In any later tax
year, an amount evenly divisible by $1,000 that is closest to the product of $3
million multiplied by the greater of one or one plus the percent change between
the annual average of:
(i) The CPI-U/W for
2023; and
(ii) The most recently
available CPI-U/W.
(C)
Subject to increasing or even decreasing with each year of Abatement.
Statutory/Other Authority: ORS 285A.075 & 285C.615(7)
Statutes/Other Implemented: ORS 285C.609 & 285C.623
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