Oregon offers globally competitive tax incentives to encourage businesses to locate in Oregon, as well as existing Oregon businesses to grow and prosper.
- Enterprise Zones—In exchange for locating or expanding in an enterprise zone, businesses receive exemption from local property taxes on new plant and equipment for at least three years (but up to five years) in the standard program. In addition, many zones can offer special incentives for investments in long-term rural facilities or electronic commerce operations.
- Strategic Investment Program—The Strategic Investment Program exempts a portion of very large capital investments from property taxes for 15 years. The program is available statewide.
- Construction-in-Process—With timely filing for each of up to two years, unfinished facility improvements may be exempt from local property taxes. In an enterprise zone, most authorized businesses enjoy a somewhat broader tax abatement using another form.