Bill Text: OR HB2981 | 2013 | Regular Session | Enrolled

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Bill Title: Relating to rural renewable energy development zones; and prescribing an effective date.

Spectrum: Bipartisan Bill

Status: (Passed) 2013-06-13 - Chapter 385, (2013 Laws): 90 days after Sine Die. [HB2981 Detail]

Download: Oregon-2013-HB2981-Enrolled.html

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     77th OREGON LEGISLATIVE ASSEMBLY--2013 Regular Session

                            Enrolled

                         House Bill 2981

Sponsored by Representatives MCLANE, BAILEY; Representatives
  BENTZ, BOONE, DEMBROW, DOHERTY, GORSEK, HUFFMAN, JOHNSON,
  PARRISH, READ, RICHARDSON, VEGA PEDERSON, Senators BEYER,
  THOMSEN

                     CHAPTER ................

                             AN ACT

Relating to rural renewable energy development zones; creating
  new provisions; amending ORS 285C.362; and prescribing an
  effective date.

Be It Enacted by the People of the State of Oregon:

  SECTION 1. ORS 285C.362 is amended to read:
  285C.362. (1) Property of an authorized business firm is exempt
from ad valorem property taxation if:
  (a) The property is qualified property under ORS 285C.359;
  (b) The firm meets the qualifications under ORS 285C.200; and
  (c) The firm has entered into a first-source hiring agreement
under ORS 285C.215.
   { +  (2) Notwithstanding subsection (1)(b) of this section,
property that otherwise qualifies under subsection (1) of this
section is exempt from ad valorem property taxation if:
  (a) At the time the zone sponsor approves the application of
the firm for authorization pursuant to ORS 285C.356, the
governing body of the zone sponsor adopts a resolution waiving
the requirements of ORS 285C.200 (1)(c) and (e) with respect to
the application; and
  (b) The firm completes an investment of $5 million or more in
qualified property. + }
    { - (2)(a) - }   { + (3)(a) + } Property described in
subsection (1)  { + or (2) + } of this section is exempt from ad
valorem property taxation only to the extent the real market
value of the property, when added to the real market value of all
other property in the rural renewable energy development zone
that has received an exemption under this section, is less than
the exemption authorization level established for the zone under
ORS 285C.353 (4).
  (b) For purposes of this subsection, real market value shall be
determined as of the assessment date for the first year that
property is exempt under this section.
    { - (3) - }   { + (4) + } The exemption allowed under this
section applies to the first tax year for which, as of January 1
preceding the tax year, the qualified property is in service. The
exemption shall continue for the next two succeeding tax years if
the property continues to be owned or leased by the business
firm, operated to generate renewable energy or to support or

Enrolled House Bill 2981 (HB 2981-A)                       Page 1

maintain renewable energy facilities, and located in the rural
renewable energy development zone.
    { - (4)(a) - }   { + (5)(a) + } The   { - property may be
exempt from property taxation under this section - }
 { + exemption allowed under this section may continue + } for up
to two additional tax years consecutively following the tax years
described in subsection   { - (3) - }   { + (4) + } of this
section if authorized by a written agreement entered into by the
firm and the sponsor under ORS 285C.160.
  (b) Notwithstanding ORS 285C.160, a contiguous county that
applied for a rural renewable energy development zone designation
may elect to not participate in a two-year extension of the
exemption under this subsection. The election shall be made by
resolution of the governing body of the contiguous county on or
before execution of the written agreement between the firm and
the sponsor under ORS 285C.160.
  SECTION 2.  { + The amendments to ORS 285C.362 by section 1 of
this 2013 Act apply to applications filed pursuant to ORS
285C.356 on or after the effective date of this 2013 Act. + }
  SECTION 3.  { + This 2013 Act takes effect on the 91st day
after the date on which the 2013 regular session of the
Seventy-seventh Legislative Assembly adjourns sine die. + }
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Passed by House May 15, 2013

    .............................................................
                             Ramona J. Line, Chief Clerk of House

    .............................................................
                                     Tina Kotek, Speaker of House

Passed by Senate June 5, 2013

    .............................................................
                              Peter Courtney, President of Senate

Enrolled House Bill 2981 (HB 2981-A)                       Page 2

Received by Governor:

......M.,............., 2013

Approved:

......M.,............., 2013

    .............................................................
                                         John Kitzhaber, Governor

Filed in Office of Secretary of State:

......M.,............., 2013

    .............................................................
                                   Kate Brown, Secretary of State

Enrolled House Bill 2981 (HB 2981-A)                       Page 3