72nd OREGON LEGISLATIVE ASSEMBLY--2003 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 1883
 
                         Senate Bill 327
 
Sponsored by Senator MESSERLE, Representatives KRIEGER, VERGER;
  Senators CORCORAN, FISHER, GEORGE, MORRISETTE, MORSE, NELSON,
  Representatives BEYER, BROWN, KROPF, KRUSE, MORGAN, G SMITH (at
  the request of Bay Area Chamber of Commerce, City Managers of
  Bandon, Coquille and Myrtle Point)
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.
 
  Eliminates requirement that county have unemployment rate that
is one percent higher than county rate in previous year or 50
percent higher than state unemployment rate in order for property
of certain business firms to qualify for long-term rural
enterprise zone property tax exemption.
  Takes effect on 91st day following adjournment sine die.
 
                        A BILL FOR AN ACT
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. + }
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