Relating to enterprise zones; and prescribing an effective date.
Catchline/Summary:
Authorizes designation of enterprise zone and zone and city for electronic commerce, addition of zone cosponsor and change of enterprise zone boundary without application process, subject to determination by Oregon Business Development Department that certain statutory requirements met. Authorizes designation of enterprise zone and zone and city for electronic commerce, addition of zone cosponsor and change of enterprise zone boundary without application process, subject to determination by Oregon Business Development Department that certain statutory requirements met.
Requires submission of documentation to department before designation, addition or change, and consultation with department.
Eliminates numeric limit on number of enterprise zones that may be designated at any time.
Lowers minimum cost requirement for qualified property used in electronic commerce outside zone for electronic commerce.]
Takes effect on 91st day following adjournment sine die.
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