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Long-Term Rural Enterprise Zone Tax Incentives
Minimum Qualifications per Each Eligible Enterprise Zone 1
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Name of Eligible Nonurban Enterprise Zone
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Compensation
Average Annual 3
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Option A
(All Group "I" 5)
Investment 4
($-,000,000)
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Opti
(Outside I
Investment 4
($-,000,000)
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on B 2
-5 Corridor)
Group 5
see below
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| Mid-Valley/Coast, Northwest and Hood River: |
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| Cascade Locks/Hood River |
$35,955 |
$25.00 |
$12.50 |
III |
| Cottage Grove/S. Lane Co. * |
$48,447 |
$25.00 |
$12.50 |
II |
| Florence |
$48,447 |
$25.00 |
$12.50 |
II |
| Harrisburg * |
$47,868 |
$25.00 |
$12.50 |
II |
| Lincoln County |
$40,227 |
$25.00 |
$12.50 |
II |
| Lower Columbia Maritime * |
$47,966 |
$25.00 |
$12.50 |
II |
| Oakridge/Westfir |
$48,447 |
$25.00 |
$12.50 |
II |
St. Helens/Columbia City *
(Columbia County only) |
$47,966 |
$25.00 |
$12.50 |
II |
| South Santiam * |
$47,868 |
$25.00 |
$12.50 |
II |
| Sweet Home |
$47,868 |
$25.00 |
$12.50 |
II |
Tillamook
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$42,272
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$25.00
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$12.50
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III
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| Central and Eastern Oregon: |
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| Baker City/County |
$40,523 |
$12.00 |
$6.00 |
III |
| Columbia River |
$46,196 |
$11.90 |
$5.95 |
III |
| CTUIR Tribal |
$44,478 |
$25.00 |
$12.50 |
II |
| Fossil |
$34,941 |
$1.50 |
$0.75 |
IV |
| Gilliam County |
$41,673 |
$3.40 |
$1.70 |
IV |
| Grande Ronde |
$42,525 |
$16.00 |
$8.00 |
III |
| Grant County |
$40,742 |
$5.30 |
$2.65 |
IV |
| Harney Co./Burns/Hines |
$40,923 |
$5.10 |
$2.55 |
IV |
| Hermiston |
$44,478 |
$25.00 |
$12.50 |
II |
| Huntington |
$40,523 |
$12.00 |
$6.00 |
III |
| Jefferson County |
$42,602 |
$19.60 |
$9.80 |
III |
| Klamath Falls/County |
$44,693 |
$25.00 |
$12.50 |
II |
| Lakeview |
$41,499 |
$6.30 |
$3.15 |
IV |
| Malheur County |
$38,904 |
$17.00 |
$8.50 |
III |
| Pendleton/Pilot Rock |
$44,478 |
$25.00 |
$12.50 |
II |
| Prineville/Crook County |
$47,496 |
$17.10 |
$8.55 |
III |
| Redmond |
$47,238 |
$25.00 |
$12.50 |
II |
| Sherman County |
$44,078 |
$2.50 |
$1.25 |
IV |
| The Dalles/Wasco County |
$40,068 |
$22.70 |
$11.35 |
III |
| Umatilla city |
$44,478 |
$25.00 |
$12.50 |
II |
| Wallowa County |
$36,648 |
$7.80 |
$3.90 |
IV |
Willow Creek Valley
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$46,196
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$11.90
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$5.95
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III
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| Southwest Oregon: |
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| Bay Area |
$41,123 |
$25.00 |
$12.50 |
II |
| Coquille Valley |
$41,123 |
$25.00 |
$12.50 |
II |
| Gold Beach |
$38,940 |
$25.00 |
$12.50 |
III |
| Grants Pass Area * |
$41,583 |
$25.00 |
$12.50 |
II |
| Jackson County * |
$45,761 |
$25.00 |
$12.50 |
II |
| Josephine Champion * |
$41,583 |
$25.00 |
$12.50 |
II |
| Lower Umpqua |
$46,134 |
$25.00 |
$12.50 |
II |
| Port Orford Area |
$38,940 |
$25.00 |
$12.50 |
III |
| Roberts Creek * |
$46,134 |
$25.00 |
$12.50 |
II |
| South Douglas County * |
$46,134 |
$25.00 |
$12.50 |
II |
| Sutherlin/Oakland * |
$46,134 |
$25.00 |
$12.50 |
II |
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| 1. |
As of July 1, 2007, zone eligibility/minima subject to change every year or with statistical revisions; local agreement execution needs to coincide with eligibility.
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| 2. |
Option B applicable only if facility site is 10 or more miles from US Interstate 5 * (I-5).
Be advised: with * (asterisk)—all/some of zone in I-5 corridor.
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| 3. |
Minimum through October 2007 is given here for illustration only. Compensation standard must actually be first satisfied by end of fifth year after facility is placed in service based on most recent data available at the time; it includes non-mandatory financial benefits and all employees at the facility.
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| 4. |
By the end of year when facility is first placed in service, the cost of investment in the facility needs to exceed this amount, derived from county-wide property valuation for 2006-07 tax year.
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5.
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Group:
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I
(Option A)
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| II |
III† |
IV† |
II/III |
| (Option B) |
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Minumum number of full-time employees newly hired at facility: |
75
by the end of fifth year |
50
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35
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10
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10–if4 > $200 million |
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------------------------ by end of third year ------------------------
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------------------------------- After Facility is in Service -------------------------------
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Minimum annual taxes paid in using credits against facility-related, C-corp. tax liability:‡ |
$1,000,000 |
Lesser: $1,000,000 or actual full-time employees at facility, times . . .
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$1,000,000 |
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† |
Based on county population: <=40,000 for Group III; <=10,000 for Group IV.
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‡ |
Annual tax credit against State corporate excise and income taxes computed at 62.5 percent of gross payroll. It may be claimed for each of 5 to 15 years starting by the tax year that begins in the third year after facility is placed in service, with subsequent five-year carry-forward for each year's credit. Minimum payment is subtracted from Oregon tax liability; next, an "intrastate" factor is applied to determine the facility's qualified liability; this factor is derived from either CPA standards or intrastate payroll & property ratios. Credits depend on approval by the Governor of Oregon, who sets term. |
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