Chapter 239 Oregon Laws 2003

AN ACT

SB 327

Relating to long-term nonurban enterprise zones; amending ORS 285B.781; and prescribing an effective date.

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

SECTION 1. ORS 285B.781 is amended to read:

285B.781. As used in ORS 285B.781 to 285B.796:

(1) “Business firm” has the meaning given that term in ORS 285B.650.

(2) “Certified business firm” means a business firm that has been certified under ORS 285B.783.

(3) “County with chronically low income or chronic unemployment” means, based on the most recently revised annual average unemployment rate or annual per capita income levels available, a county in which:

(a) The median ratio of the per capita personal income of the county to the equivalent annual personal income figure of the entire United States for each year, as reported by the Bureau of Economic Analysis of the United States Department of Commerce, is equal to or less than 0.75 over the last 10 years;

[(b) Both of the following criteria are satisfied:]

[(A)] (b) The median ratio of the unemployment rate of the county to the equivalent rate of the entire United States for each year is at least 1.3 over the last 20 years or over the last 10 years; [and] or

[(B) The current unemployment rate of the county is at least one percentage point higher than the unemployment rate of the county for the immediately prior year or at least 50 percent higher than the current unemployment rate of this state; or]

(c) The population of the county has experienced a negative net migration, irrespective of natural population change, since the most recent federal decennial census occurring three or more years prior to the current estimated population figure for the county, based on available population statistics.

(4) “Facility” means the land, real property improvements and personal property that are used:

(a) At a location in a nonurban enterprise zone that is identified in the application for certification under ORS 285B.783; and

(b) In those business operations of the business firm that are the subject of the application for certification under ORS 285B.783.

(5) “Nonurban enterprise zone” has the meaning given that term in ORS 285B.650.

SECTION 2. This 2003 Act takes effect on the 91st day after the date on which the regular session of the Seventy-second Legislative Assembly adjourns sine die.

Approved by the Governor June 6, 2003

Filed in the office of Secretary of State June 9, 2003

Effective date November 26, 2003

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