HomeMy WebLinkAbout2012-0514 Document Submitted at the Meeting Oregon Enterprise Zoned Land—Enterprise land Tax Incentives Bu... http://www.oregon4bi7-com/ne-Oregon-Advantage/Incentives/Enter...
business
ore on
Enterprise Zones
Oregon's enterprise zones offer a unique resource to Oregon communities,
and an excellent opportunity for businesses growing or relocating in
Oregon. Primarily, enterprise zones exempt businesses from local property
taxes on new investments.
Sponsored by municipal or tribal governments, an enterprise zone typically
serves as a focal point for local development efforts. There are currently
60 enterprise zones creating better opportunities for business investment
across Oregon: 48 rural and 12 urban.
Standard I nice-prise Zone Program
If growing employment in an enterprise zone, eligible (generally non-retail)
businesses can receive total exemption from the property taxes normally
assessed on new plant and equipment for at least three years (but in many
cases, up to five years). Learn more
Special Zone Features
In addition, some enterprise zones can offer special business tax
incentives.
• Long-term Rural Enterprise Zone Facilities
Available in most rural designations,the long-term program extends
property tax abatement to as long as 15 years on new facility
improvements and installations.Any type of business activity is eligible,
but these incentives depend on local approval and varying levels of
minimum investment,job creation and employee compensation at the
facility,depending on location.Learn mare. >>
• Electronic Commerce Zones
Several enterprise zones have received special status to further
encourage electronic commerce or"e-commerce," investments. l.k n n
crrom >>
• Tribal Designations
Federally-recognized tribes in Oregon may have any of the tribe's land
designated as a "reservation enterprise zone."The tribal government is
the zone "sponsor."A tribe also may partner with a local government on
a special designation. learn more >>
Sponsoring an Hnterprise Zone
An Enterprise Zone is sponsored by a local government (city, county, tribe
or port). An enterprise zone involves duties and opportunities for the
sponsor, especially the ability to change the zone's boundary. For local
governments interested in obtaining or retaining a zone, an application
I of 2 5/14/2012 2:23 PM
Oregon Enterprise Zoned land—Enterprise Land Tax Incentives—Bu... http://www.oregon4biz.com/The-Oregon-Advantage/Incentives/Enter...
period for designations occurs as needed. Rounds of designation will be
announced on the following web page along with needed forms and sample
materials. Learn more >>
TOP otFage
Printer friendly version of this page
2 oft 5/14/2012 2:23 PM