(a) The acquired land:
(A) Is not in an exclusive farm use zone;
(B) Is, immediately upon acquisition, put into farm use; and
(C) Is operated as part of the total farming unit with the original land; and
(b) The original land:
(A) Is owned by the purchaser of the acquired land;
(B) Is in farm use;
(C) Is assessed under ORS 308A.107; and
(D) Produced gross income of at least $10,000 in the calendar year prior to acquisition.
(2) Land that qualifies for farm use special assessment under subsection (1) of this section shall, for purposes of the gross income requirement under ORS 308A.071, be added to and treated as a part of the entire farming unit upon acquisition.
(3) In order for acquired land described in this section to qualify under ORS 308A.068, an application must be filed under ORS 308A.077 on or before April 1 of the first year following acquisition in which farm use special assessment is sought for the acquired land. [Formerly 308.374]