20,000 increments of $500 tax credit certificates are available. Businesses and individuals with an Oregon income tax liability may bid on the certificates. The credit can be claimed on your 2015 state income tax return. Any amount that cannot be used on your 2015 tax return can be carried forward for up to three years. Continue reading... “The 2015 OPIF Tax Credit Auction is Currently Underway!”
We just wanted to remind everyone that the Oregon Department of Revenue is planning to once again conduct a tax credit auction for the Oregon Production Investment Fund (OPIF) this July. The total amount of tax credits to be auctioned this year will be $10,000,000.
The process will be exactly the same as the successful auction conducted last July. We will be working hard to make sure all the tax credits sell out in the designated time frame. If we are successful in this goal, this will be the only opportunity for people to contribute to the fund and receive OPIF tax credits for 2015. Continue reading... “2015 OPIF Tax Credit Auction Coming Up July 8-17”
The October Oregon Production Investment Fund Auction is now open. 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.