Oregon § 285C.415 Business firm notice to county assessor and zone sponsor; data submission; zone sponsor annual data report; disqualification; cure; rules

Oregon Statutes

§ 285C.415 — Business firm notice to county assessor and zone sponsor; data submission; zone sponsor annual data report; disqualification; cure; rules

Oregon § 285C.415

Vol.7

Title 26AEconomic Development

Ch. 285CEconomic Development III

This text of Oregon § 285C.415 (Business firm notice to county assessor and zone sponsor; data submission; zone sponsor annual data report; disqualification; cure; rules) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 285C.415 (2026).

Text

(1)A certified business firm that has failed to satisfy an applicable requirement under ORS 285C.412 as of the deadline for meeting the requirement shall notify the county assessor and zone sponsor in writing of the failure as soon as practicable after the deadline.

(2)(a) A certified business firm that has satisfied an applicable requirement under ORS 285C.412 shall notify the county assessor and zone sponsor in writing of the satisfaction.

(b)(A) The notice must include information related to the certified business firm’s satisfaction of the requirement.

(B)The first notice must include, at a minimum, the total cost incurred by the certified business firm for investment in the facility as of the end of the calendar year in which the facility is placed in service.

(c)Notice shall be ma

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(1) A certified business firm that has failed to satisfy an applicable requirement under ORS 285C.412 as of the deadline for meeting the requirement shall notify the county assessor and zone sponsor in writing of the failure as soon as practicable after the deadline.
(2)(a) A certified business firm that has satisfied an applicable requirement under ORS 285C.412 shall notify the county assessor and zone sponsor in writing of the satisfaction.
(b)(A) The notice must include information related to the certified business firm’s satisfaction of the requirement.
(B) The first notice must include, at a minimum, the total cost incurred by the certified business firm for investment in the facility as of the end of the calendar year in which the facility is placed in service.
(c) Notice shall be made on the earlier of the date on which the requirement is met or the date that is the deadline for meeting the requirement.
(3)(a) For each tax year for which a facility is exempt under ORS 285C.409 (1)(c), the certified business firm shall submit to the zone sponsor, exclusive of any other facility:
(A) The number of full-time employees at the facility; and
(B) The average annual wage and compensation of all employees at the facility.
(b)(A) If the certified business firm fails to comply with paragraph (a) of this subsection, the zone sponsor shall so notify the county assessor in writing.
(B) Failure to comply with paragraph (a) of this subsection constitutes a basis for disqualification under ORS 285C.420.
(4) The zone sponsor shall submit an annual report to the county assessor, the Department of Revenue and the Oregon Business Development Department setting forth for each facility of a certified business firm located in the enterprise zone that is exempt under ORS 285C.409 (1)(c):
(a) The number of new and existing full-time employees at the facility;
(b) The average wage and compensation of all employees at the facility; and
(c) The amount of any payment in cash made by a certified business firm as a result of any additional requirement included in the written agreement under ORS 285C.403 (4)(c).
(5) Upon request of the Oregon Business Development Department or the Department of Revenue, the county assessor or zone sponsor shall send to the requesting department the notice required under subsection (2) of this section and clarify or confirm information submitted under subsection (4) of this section or reported under ORS 285C.409 (4).
(6)(a) The Oregon Business Development Department may specify by rule the manner and timing of submissions from a certified business firm and the zone sponsor as required under this section.
(b) The department shall specify by rule a minimum notice and cure period of at least 30 days during which a certified business firm may cure any circumstances that could result in disqualification for failure to file a report pursuant to this section.