Oregon Statutes 285C.320 – Status of reservation enterprise zone and reservation partnership zone; sponsor
(1) A reservation enterprise zone and a reservation partnership zone are rural enterprise zones for purposes of ORS § 285C.050 to 285C.250.
Terms Used In Oregon Statutes 285C.320
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(2) Reservation enterprise zones and reservation partnership zones may not be taken into account in determining the number of rural enterprise zones allowable in this state under ORS § 285C.050 to 285C.250, and are not subject to numerical limitation under ORS § 285C.050 to 285C.250.
(3) Exemptions and tax credits available in connection with an enterprise zone are available in connection with a reservation enterprise zone or a reservation partnership zone. In order for property within a reservation enterprise zone or a reservation partnership zone to be exempt under ORS § 285C.175, the business firm and property must meet the requirements applicable to business firms and property in an enterprise zone.
(4) As used in this section, ‘business firm’ has the meaning given that term in ORS § 285C.050. [Formerly 285B.776; 2005 c.94 § 11; 2009 c.743 § 2; 2010 c.76 § 25]
RURAL RENEWABLE ENERGY DEVELOPMENT ZONES