Or. Admin. R. 123-623-4100 - Reporting Elements

Respective or in addition to items stipulated under ORS 285C.615(2), the report submitted to the Department by a benefiting business firm described in OAR 123-623-4000 must:

(1) State for the applicable tax year, as may be confirmed or corrected through communication with the county assessor:

(a) The real market and the assessed value of the entire Approved Project in terms of what was exempt or taxable, as well as corresponding property taxes saved or paid by the firm; and

(b) Which year it was out of the 15 that comprise the Abatement period.

(2) Include the Total Cost of investments physically made:

(a) In/during the calendar year directly preceding the report;

(b) In/during the calendar year immediately prior to the one in subsection (a) of this section; and

(c) Since commencement of the Approved Project up until and including the calendar year immediately prior to the one in subsection (b) of this section, which corresponds to investments affecting the property values in subsection (1)(a) of this rule.

(3) Breakdown the amounts and recipients of fees or other (non-tax) payments made by or on behalf of the firm that arise from requirements under ORS 285C.609(5) or 285C.623(5), in addition to the amount of the statutory community service fee, in the calendar year directly preceding the report.

(4) Provide data for Retained Jobs as relevant, Total Jobs, and taxable income and compensation of Total Jobs, in accordance with OAR 123-623-4200 that are broken out for:

(a) The firm itself; and

(b) A single general operator of the Approved Project, if relevant, but the report need not include information formally identifying any such general operator.

(5) As relevant under ORS 307.123(a)(B) in the case of an Approved Project, for which the determination by the Commission occurred on or after October 6, 2017, the Department shall seek to advise the county assessor and Department of Revenue of the overall Total Cost reported according to section (2) of this rule, which is subject to revision as necessary by the county assessor or Department of Revenue according to property tax returns or other records.

Notes

Or. Admin. R. 123-623-4100

EDD 25-2008, f. 7-31-08, cert. ef. 8-1-08; Renumbered from 123-023-4100 by OBDD 18-2010, f. 4-30-10, cert. ef. 5-1-10; OBDD 2-2016, f. & cert. ef. 1/29/2016; OBDD 13-2017, amend filed 11/29/2017, effective 11/29/2017

Statutory/Other Authority: ORS 285A.075 & 285C.615(7)

Statutes/Other Implemented: ORS 285C.615 & 307.123