74th OREGON LEGISLATIVE ASSEMBLY--2007 Regular Session
 
HA to B-Eng. SB 151
 
LC 655/SB 151-B17
 
                       HOUSE AMENDMENTS TO
                   B-ENGROSSED SENATE BILL 151
 
                     By COMMITTEE ON REVENUE
 
                             June 23
 
  On page 1 of the printed B-engrossed bill, line 2, after '
provisions;' delete the rest of the line and line 3 and insert '
and amending ORS 285C.255 and 285C.406.'.
  Delete lines 5 through 24 and delete pages 2 through 6 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) Notwithstanding ORS 285C.175
(4) or 285C.180 (1), property of a business firm that otherwise
meets applicable requirements for authorization and qualification
under ORS 285C.050 to 285C.250 is exempt from ad valorem taxation
as provided in ORS 285C.175 if:
  ' (a) The business firm is engaged in business activities or
operations resulting from a transfer or lease of real property
between the business firm and a public body; and
  ' (b) At the time of the transfer or lease of real property,
according to the most recent federal decennial census:
  ' (A) The business activities or operations are located in a
city having a population of more than 2,500 but less than 5,500;
and
  ' (B) The enterprise zone is located in a county having a
population of more than 6,000 but less than 9,000.
 
 
  ' (2) A business firm that satisfies the criteria of subsection
(1) of this section is an eligible business firm for purposes of
ORS 285C.140.
  ' (3) A business firm described in subsection (2) of this
section that seeks to have property exempted from property
taxation as provided in ORS 285C.175 shall apply for
authorization as provided in ORS 285C.140. + }
  '  { +  SECTION 4. + }  { + Section 3 of this 2007 Act is
repealed on June 30, 2016. + }
  '  { +  SECTION 5. + }  { + (1) Prior to February 1, 2009, the
Legislative Revenue Officer shall file with 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 interim legislative committee of the House of
Representatives on revenue or other appropriate interim committee
of the House of Representatives on revenue or economic
development shall evaluate the enterprise zones and related tax
incentives.  The evaluation of the enterprise zone program 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. + } ' .
                         ----------