Form 150-303-029 - Oregon Enterprise Zone Authorization Application Page 4
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• All property needs to be new, meaning it was not used or occupied
• The investment in property needs to be for the furtherance of income.
in the zone more than one year before exemption begins.
For example, it may not be for personal use.
• Machinery and equipment must be newly acquired or newly trans-
ferred from outside of the county (except for major retrofit or refur-
Additional Property and Future Projects:
bishment of real property idle for 18 months).
• With an ongoing investment, subsequent property that is not placed
• Any or all property may be leased from any party, if your firm (the
in service until the first or second year of exemption on the initial
lessee) is obligated to pay the property taxes.
property may be exempted as well.
• All real property—buildings, structures, and heavy/affixed machin-
• In other words, property schedules may be filed with up to three
ery and equipment—listed on the exemption claim property schedule
consecutive claims, pursuant to a single authorization.
must cost $50,000 or more in total.
• Any major change of plans should be amended into the application,
• Personal property machinery and equipment is readily movable and
in writing to both the zone manager and the county assessor, before
qualifies based on per-item cost minimum. An integrated system
January 1 of the first year of an initial exemption.
consisting of various components may be treated as a single item
• Another authorization application is necessary for qualified property
for these purposes.
at a different location in the same or another zone.
• Land, vehicles, motorized/self-propelled devices, rolling stock, non-in-
ventory supplies, and idle or ineligibly used property do not qualify.
APPLICABLE PROPERTY TAX RETURNS MUST STILL BE FILED ANNUALLY
Please complete the following worksheets either before or during the pre-authorization consultation with the local zone manager
Employment Worksheet
_________(1) + _________(2) + _________(3) + _________(4) +
_________(5) + _________(6) + _________(7) + _________(8) +
Use this worksheet to determine your business firm’s annual average
employment over the 12 months preceding the date on which you sub-
_________(9) + _________(10) + _________(11) + _________(12)=
mit the authorization application, and as required during the period of
__________ ÷ 12 = __________ *Average Annual Existing Jobs
the enterprise zone exemption:
4. If your Average Annual Existing Jobs* (from number 3, above) is:
1. Identify those employees or positions within the zone that are: (a)
working a majority of their time in “eligible” activities or in direct
a) Five or more, multiply by 1.1, as follows:
support of those activities; (b) paid on average for more than 32
*____________ × 1.1 = ____________ , or
hours per week; (c) not employed solely to construct property; (d)
not seasonal; and (e) not temporary—not hired, leased, or contracted
b) Less than five, add one, as follows:
for less than one year or on an as-needed/ad hoc basis. Don’t use
*____________ + 1 = ____________.
“full-time equivalents” (FTE).
5. Round the total from 4a or 4b to the nearest whole number (for
2. Determine the number of the above employees at the end of each
example, 25.49 becomes 25 and 25.50 becomes 26). Your rounded
pay period, calendar month, or quarter over the prior 12 months.
figure is the level of employment required by April 1 of the first
3. Total the number of employees from each period and divide this sum
year of exemption.
by the number of periods. If not using months, include a suitable
For purposes of compliance, repeat steps 1–3 and 5 above for each year
attachment in place of the following with your application:
that qualified property is exempt.
Special Issues Worksheet
This worksheet is simply a checklist to guide you through certain issues
c Would you like to know about local incentives that city/county
that may need to be addressed as soon as possible. Check if the answer
sponsor may offer to authorized businesses, such as fee waiver,
is “yes” or “maybe.”
regulatory expedition, and so forth?
c Will the requisite increase of enterprise zone employment be difficult
c Will a qualified building be partially occupied by another business/
to achieve, even with the new investment? Or could it be somewhat
tenant or used for ineligible operations? In such cases, work with the
unapparent? In any case, work out verification options with local
local zone manager to determine the units or proportion of space
zone manager. Copies of unemployment insurance reports or other
for the assessor to exempt.
records should be kept on file to assure manager and assessor.
c Would you like your enterprise zone employment to be combined
c If the number of jobs will likely not grow by 10 percent, do you want
with the job figure for (100 percent) commonly owned firm/
local waiver by resolution(s) adopted by zone sponsor with autho-
corporation(s)? If so, attach a statement with the name of the other
rization? Waiver allowed if investment costs $25 million or more,
company(s). Without such election, even subsidiaries of the same
or with a 10 percent rise in productivity combined with workforce
parent corporation are treated as distinct business firms within an
training fund.
enterprise zone.
c Do you anticipate any January 1 work-in-progress property? File
c Is investment pending the site’s inclusion in the zone? This applica-
by April 1 with the county assessor’s office using the Application for
tion may be approved under such conditions, but make arrange-
Construction-in-Process Enterprize Zone Exemption form (150-310-021).
ments with the local zone manager to ensure that site work does
(Not available for centrally assessed/utility property.)
not begin until on or after the effective date of the boundary change.
(Same applies to designation of a new enterprise zone.)
c Are you interested in publicly owned and otherwise available real
estate that might exist in the zone and that an authorized business
c Is the enterprise zone terminated? This normally precludes autho-
firm generally has a right to buy or lease if promptly developed for
rization or qualification, but an already authorized/qualified firm
authorized use?
can “grandfather” and may be authorized up to 10 years after the
termination of the zone.
150-303-029 (Rev. 10-10)
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