Oregon DOR Issues Information on Film, Video Income Tax Credit Auction Bidding

The Oregon Department of Revenue Aug. 1 (DOR) issued information that it is holding an online tax credit auction with the Film and Video Office for 40,000 increments of $500 tax certificates for individual income and corporate income tax purposes. The information includes: 1) the auction runs from Sept. 28 to Sept. 30 with funds going to the Oregon Production Investment Fund; 2) individuals and businesses with an income tax liability may bid on the certificates and claim the credits on 2022 tax returns; 3) any amount not allowed on the 2022 return can be carried forward up to three ...