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HB 3017
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Article Content | Bill number |
HB 3017 (2011 Oregon laws, chapter 375) |
| ORS changed |
285C.255, 285C.406.
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| Effective date |
January 1, 2012 |
| Applies to |
N/A.
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| DOR Contact |
Greg Kramer 503-945-8262 |
| Summary |
Extends sunset date for businesses to obtain approval for enterprise zone (EZ) exemption to June 30, 2025.
Extends sunset date for long-term rural enterprise zone certification to June 30, 2025.
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| Section |
Old law |
New law
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| 1 |
ORS 285C.255: These would have sunset June 30, 2013:
– Last date to designate EZ;
– Last date for a business to obtain approval for
EZ exemption;
– Existing EZs terminated.
These
sunsets would have meant gradual expiration of previously approved
exemptions as they ran out the 3- to 5-year exemption period and no new
businesses would have entered the program after June 30, 2013.
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ORS 285C.255: Sunset extended from June 30, 2013 to
June 30, 2025:
– Last date to designate EZ;
– Last date for a business to obtain approval for
EZ exemption;
– Existing EZs terminated.
Changes allow the program to add new EZs and new approved businesses for another 12 years.
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| 2 |
ORS 285C.406: Last day for certifying a firm for long-term rural EZ exemption was June 30, 2013. |
ORS 285C.406: Extends sunset date for certifying a firm for long-term rural EZ exemption, from June 30, 2013 to June 30, 2025.
Note:
HB 3672, section 6, extends this sunset date to June 30, 2025, as well.
In addition, HB 3672 extends the sunset on certification of a firm for
purposes of the long-term rural EZ income tax credit, to June 30, 2018.
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