Oregon announces new tax break zones

Oregon announces new tax break zones

Oregon approved three new enterprise zones in Portland, Beaverton and Veneta.

They’re the first new enterprise zones created under a bill, approved this year by the Legislature, that allows up to eight new zones.

Businesses that build new operations or expand existing ones inside an enterprise zone can avoid paying property taxes on the value of their improvements, usually for three to five years. To qualify, they have to create at least one job, sometimes more.

Read more the Bend Bulletin.

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