Oregon Statutes 285C.255 – Sunset of enterprise zone program
(1) Notwithstanding any other provision of ORS § 285C.050 to 285C.250:
Terms Used In Oregon Statutes 285C.255
- 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.
(a) An area may not be designated as an enterprise zone after June 30, 2032;
(b) A business firm may not obtain authorization under ORS § 285C.140 after June 30, 2032; and
(c) An enterprise zone, except for a reservation enterprise zone or a reservation partnership zone, that is in existence on June 29, 2032, is terminated on June 30, 2032.
(2) Notwithstanding subsection (1) of this section:
(a) A reservation enterprise zone may be designated, and a reservation partnership zone may be cosponsored, under ORS § 285C.306 after June 30, 2032; and
(b) A business firm may obtain authorization under ORS § 285C.140 after June 30, 2032:
(A) If located in a reservation enterprise zone or a reservation partnership zone; or
(B) As allowed under ORS § 285C.245 (6). [2003 c.662 § 49; 2007 c.888 § 1; 2010 c.76 § 22; 2011 c.375 § 1; 2023 c.298 § 13]
285C.255 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 285C or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
[Formerly 285B.731; renumbered 285C.045 in 2005]
RESERVATION ENTERPRISE ZONES; RESERVATION PARTNERSHIP ZONES