Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 674 - STANDARD EXEMPTION ON TAXABLE ENTERPRISE ZONE PROPERTY
Section 123-674-1000 - Special Business Distinctions
Universal Citation: OR Admin Rules 123-674-1000
Current through Register Vol. 63, No. 3, March 1, 2024
(1) As used in ORS 285C.050 to 285C.250, "hotel, motel or destination resort" means any 'hotel or motel' facility as defined in OAR 150-285-3200.
(2) As used in ORS 285C.050(3):
(a) "Municipal corporation" has the same
meaning as found under ORS
294.311, including but not
limited to any special or local service district, but excluding a people's
utility district or a joint operating agency under ORS
262.005.
(b) "Operating or conducting one or more
trades or businesses" means to manage or undertake commercial affairs, as
evidenced by the following:
(A) Establishment
of a place of business and acquisition of property that is necessary to perform
business operations through ownership, renting or leasing;
(B) Approval to do business from the
appropriate regulatory authorities, as documented by required licenses or
permits;
(C) Capital investment or
financing, including self-financing, and procurement of supplies or services
from other businesses or operations within the firm;
(D) Maintenance of business records such as
those related to sales, shipments, personnel or payroll; and
(E) Ultimate pursuit is producing or
furthering the production of income.
(3) "Separate" as used in ORS 285C.135(3) and for these administrative rules means a definitive and physical demarcation, including but not limited to a wall between eligible and ineligible activities sufficient to distinguish the employees and qualified property pertaining to either one.
Stat. Auth.: ORS 285A.075 & 285C.060(1)
Stats. Implemented: ORS 285C.070 & 285C.135
Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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