72nd OREGON LEGISLATIVE ASSEMBLY--2003 Regular Session
 
HA to A-Eng. SB 858
 
LC 2202/SB 858-A3
 
                       HOUSE AMENDMENTS TO
                   A-ENGROSSED SENATE BILL 858
 
                     By COMMITTEE ON REVENUE
 
                              May 6
 
  On page 1 of the printed A-engrossed bill, line 4, delete '
Section 2 of this 2003 Act is' and insert 'Sections 2 and 3 of
this 2003 Act are'.
  After line 25, insert:
  '  { +  SECTION 3. + }  { + (1) A qualified business firm
described in section 2 of this 2003 Act that has received the
approval of the zone sponsor under section 2 (1)(b) of this 2003
Act may apply in writing to the county assessor for the refund of
any property taxes imposed on the qualified property described in
section 2 (1)(a) of this 2003 Act for the tax year beginning July
1, 2002, and any related interest or penalties, that have been
paid by the firm.
  ' (2) Upon receipt of the application for refund, the county
assessor shall determine the amount to be refunded and shall
certify that amount to the county treasurer.
  ' (3) The county treasurer shall refund the amount certified,
out of the refund reserve account established under ORS 311.807
or out of the unsegregated tax collections account described in
ORS 311.385, to the business firm. Interest may not be paid on
the refund.
  ' (4) If property taxes, interest or penalties described in
subsection (1) of this section have not been paid, such amounts
shall be abated. + } ' .
  On page 2, line 1, delete '3. Section 2 of this 2003 Act is'
and insert '4. Sections 2 and 3 of this 2003 Act are'.
  In line 2, delete '4' and insert '5'.
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