Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State or Territory: | Oregon |
| Effected Jurisdiction: | City of Gresham |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2022 |
| Program name: | Enterprise Zone |
| Program purpose: | General Economic Development |
| Statutory authority: | Oregon Revised Statute (ORS) 285C.050 ‚285C.250, the Oregon Enterprise Zone Act (the Act) |
| Abating jurisdiction(s): | Gresham, Oregon |
| Applicable taxes: | Property Tax |
| Method of abatement: | Reduction in assessed value; Tax Exemption |
| Provisions for recapture: | Abated taxes can be reassessed for reasons defined in ORS 285C.240, including if a qualifying business or the subject property is sold or transported for use outside of the EZ, if the business closes or significantly reduces their operations, if the business fails to meet the statutory requirements or those additional requirements of the City, or if they use the property to conduct activities that are not eligible activities. When the county assessor is notified of a disqualification, any previously abated taxes will be assessed in the subsequent assessment year, less any amounts that have been paid to the City as a community service fee |
| Gross revenue loss: | $1,352,276 |
| Reimbursement / offset: | $1,664,939 |
| Net revenue loss: | $0 |
| Type of loss: | Active |
| Additional notes on dislosure: | Community service fees collected |
| Document source: | https://greshamoregon.gov/WorkArea/DownloadAsset.aspx?id=15018 |
