Or. Admin. Code § 123-623-4000 - ANNUAL PROJECT REPORTING - Submission to Department
For purposes of ORS 285C.615(1) to (3) & (6) and the report submitted by a business firm subject to Abatement in the property tax year concluding as of the prior June 30:
(1) The firm shall complete
the prescribed report form available from and furnish it to: Incentives,
Business Oregon, State Lands Building Suite 310, 775 Summer Street NE, Salem OR
97301, see www.oregon.gov/biz.
(2) The firm may send the report form on or
after January 1 next following the tax year, but the Department must receive it
no later than the immediately subsequent April-1 date or the preceding Friday
when April 1 is a Saturday or Sunday.
(3) This reporting requirement applies to any
Approved Project beginning with the tax year described in OAR
123-623-2500(1).
(4)
(a)
This rule applies regardless of any distribution under ORS
285C.635(3), or
that the most recently concluded tax year is 2029-2030 or later, in that
reports will still be required in and after 2031.
(b) Until such time, the Department will use
reports to assist the Department of Administrative Services (DAS) in
determining distribution amounts under ORS
285C.635, as addressed in OAR
125-180, insofar as distributions are applicable under section 6(2), chapter
905, Oregon Laws 2007.
(5) If the benefiting business firm has two
or more Approved Projects receiving Abatements in a given tax year at more or
less the same location(s), for which Total Jobs are the same or overlapping:
(a) The firm shall submit report forms for
each project, including but not limited to the respective data for Retained
Jobs as applicable according to OAR
123-623-4200(3) to
(6).
(b) In transmitting data to DAS for purposes
of subsection (4)(b) of this rule, the Department shall adjust the job numbers
assigned among the projects to prevent double counting, which may depend on
further information from the firm.
(c) Generally, assuming employment increases
with successive projects, these adjustments will:
(A) For a less recent project assign to it
the Retained Jobs reported for it;
(B) For any less recent project, assign the
Retained Jobs reported for the next more recent project to be its total jobs,
unless it is the least recent of three or more projects, in which case the
number of total jobs is zero; and
(C) For the more recent project (if only two)
or most recent project (if three or more), assign as its total jobs the
reported Total Jobs (which would be the same for all projects) minus reported
Retained Jobs, assigning zero as its number of retained jobs.
(6) The Department
shall recommend to the Commission that it suspend its determination for the
Approved Project, and any associated project for purposes of subsection (5) of
this rule-effectively revoking any such Abatement for and after the tax year
beginning with the very next July 1, until the suspension is ever rescinded
under ORS 285C.615(3)(c)-if
the benefiting firm has failed to:
(b) Promptly satisfy a necessary or
appropriate request by the Department to further clarify or verify such
information. (Therefore, in light of the Department's limited turnaround time
to transmit data to DAS, firms are encouraged to submit as early as possible to
improve the likelihood that such a request can be timely resolved)
(7) "Tax year" has the same
meaning as under ORS 308.007.
Notes
Statutory/Other Authority: ORS 285A.075 & 285C.615(7)
Statutes/Other Implemented: ORS 285C.615, 285C.635 & OrLaws 2007 ch. 905 §6
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