74th OREGON LEGISLATIVE ASSEMBLY--2007 Regular Session
 
SA to SB 151
 
LC 655/SB 151-1
 
                      SENATE AMENDMENTS TO
                         SENATE BILL 151
 
     By COMMITTEE ON BUSINESS, TRANSPORTATION AND WORKFORCE
                           DEVELOPMENT
 
                            April 10
 
  In line 2 of the printed bill, after the semicolon insert '
creating new provisions; and'.
  Delete lines 4 through 24 and insert:
  '  { +  SECTION 1. + } ORS 285C.255 is amended to read:
  ' 285C.255. (1) Notwithstanding any other provision of ORS
285C.050 to 285C.250:
  ' (a) An area may not be designated as an enterprise zone after
June 30,   { - 2009 - }  { +  2013 + };
  ' (b) A business firm may not obtain authorization under ORS
285C.140 after June 30,   { - 2009 - }  { +  2013 + }; and
  ' (c) An enterprise zone, except for a reservation enterprise
zone, that is in existence on June 29,   { - 2009 - }  { +
2013 + }, is terminated on June 30,   { - 2009 - }  { +
2013 + }.
  ' (2) Notwithstanding subsection (1) of this section:
  ' (a) A reservation enterprise zone may be designated under ORS
285C.306 after June 30,   { - 2009 - }  { +  2013 + }; and
  ' (b) A business firm may obtain authorization under ORS
285C.140 after June 30,   { - 2009 - }  { +  2013 + }:
  ' (A) If located in a reservation enterprise zone; or
  ' (B) As allowed under ORS 285C.245 (1)(b).
  '  { +  SECTION 2. + } ORS 285C.406 is amended to read:
  ' 285C.406. In order for a taxpayer to claim the property tax
exemption under ORS 285C.409 or a corporate excise or income tax
credit under ORS 317.124:
  ' (1) The written agreement between the business firm and the
rural enterprise zone sponsor that is required under ORS 285C.403
(3)(c) must be entered into prior to the termination of the
enterprise zone under ORS 285C.245; and
  ' (2) The business firm must obtain certification under ORS
285C.403 on or before June 30,   { - 2009 - }  { +  2013 + }.
  '  { +  SECTION 3. + }  { + (1) Prior to February 1, 2009, the
Oregon Economic and Community Development Commission shall submit
to the Seventy-fifth Legislative Assembly a report that evaluates
the performance of enterprise zones and related tax incentives
under ORS 285C.050 to 285C.250.
  ' (2) The report may include, but is not limited to,
evaluations of:
  ' (a) The cost-benefit analysis of the effects on the state and
local economy, public finance and services and other matters
associated with actual business firms receiving the incentives,
including but not limited to assessing the degree to which the
incentives are significantly affecting investments and employment
in the enterprise zones; and
  ' (b) The statistical change in measures of local economic
hardship over time for communities associated with enterprise
zones.
  ' (3) Under the direction of the commission, the Economic and
Community Development Department shall retain the services of one
or more outside experts to perform the evaluations described in
this section or to review the results of the evaluations.
  ' (4) The commission shall share preliminary results of the
evaluations with interested parties and consider ways to
incorporate comments received into the report submitted to the
Legislative Assembly under subsection (1) of this section. + } '
.
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