New OPIF Tax Credit Auction Announced for October 21-25

As a result of the legislation passed this year, Oregon’s Department of Revenue will be conducting another tax credit auction for the Oregon Production Investment Fund.  This time the total amount of tax credits to be auctioned will be $4,000,000.  The process will be exactly like the successful auction conducted in July.  It’s important to know that there is only time for one more OPIF auction this year so we will be working hard to make sure all $4,000,000 sells out in the designated time frame.
The most important points to know right now:
  • Start the OPIF auction at 9:00 AM on Monday, October 21, 2013 and end the auction on Friday, October 25, 2013 at 5:00 PM;
  • Bidder must submit payment along with Form TCA by Friday, November 1, 2013, at 5:00 PM;
  • There will be $4 million in tax credit certificates available for the auction; and
  • The credit certificates will be in $500 increments and the minimum bid will be $475.
We will be sending out more information leading up to the auction.  Should you have any questions now, please feel free to contact me via email ([email protected]) or phone (503) 229-5832.
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