Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 674 - STANDARD EXEMPTION ON TAXABLE ENTERPRISE ZONE PROPERTY
Section 123-674-4600 - Maintaining Sufficient Employment

Universal Citation: OR Admin Rules 123-674-4600

Current through Register Vol. 63, No. 9, September 1, 2024

For purposes ORS 285C.200(1)(e) and 285C.210:

(1) Failure occurs (unless waived in OAR 123-674-4300) if:

(a) The latest Annual Employment is less than the greater of one plus or 1.1 times the Existing Employment;

(b) The current Claim Employment is less than 15 percent of any previous Claim Employment; or

(c) Both the current Claim Employment and the one from the prior year are less than 50 percent of any previous Claim Employment.

(2) Subject to OAR 123-674-4100(3) 's being effective, a qualified business firm must likewise meet an additional requirement in terms of section (1) of this rule but only for the initial year of exemption, in that the definitions of Annual Employment, Claim Employment and Existing Employment expand to include employees located at any relevant site outside but within 30 miles of the zone boundary, as well as jobs inside the zone.

Stat. Auth.: ORS 285A.075 & 285C.060(1)

Stats. Implemented: ORS 285C.200, 285C.210, 285C.220, 285C.230 & 285C.240

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