Discount Your Taxes and Put Tax Dollars Into Media Industry Jobs!

DISCOUNT YOUR TAXES AND PUT YOUR TAX DOLLARS INTO MEDIA INDUSTRY JOBS AND #OREGONMADE PROJECTS!!!

The Auction Opens Tomorrow, January 8th!

The annual Oregon Production Investment Fund (OPIF) Tax Credit Auction helps support the economic development work for the media production industry here in the state. Unlike other business tax incentives, the funding provided to productions is not a giveaway to Hollywood, it is an incentive fund which attracts projects to our state providing a reimbursement for specific costs of production and supporting living wage jobs with benefits for members of I.A.T.SE. Local 488 (Studio Mechanics), IATSE 600 (Cinematographers), IATSE Local 28 (Stagehands), Portland SAG-AFTRA, AFM Local 99, Teamsters Local 305 and more who work in our Oregon Media Ecosystem. Last year the $14 million fund incentivized projects coming into Oregon who in turn spent over $200 million in direct spending on cast and crew wages, construction materials, costumes, props, make up and hair products, equipment rentals, hotels, food, and more.

The fund also supports the Oregon Made Foundation which last year partnered with I.A.T.S.E. Local 488 and the Oregon Media Production Association (OMPA) to create the Oregon Media Pathways Program. This groundbreaking, workforce development and diversity hiring initiative project provides funding for paid internships on #OregonMade movies, episodic series, stop motion animation projects, streaming content, commercials, and documentaries. Participants are given membership in OMPA, and are provided with project advisors as well as long term mentors who commit to aiding them in gaining future work. To date we have placed 12 people on projects providing them with the opportunity to explore careers in our industry. Plans for 2020 include expanding the mission of the partnership to include the development of a Pre-Apprenticeship and a Trainee/Apprenticeship programs.

OPIF TAX CREDIT AUCTION #2 - JANUARY 8TH TO 10TH

The OPIF Tax Credit Auction, with approximately $400,000 in 2019 tax year credits available will  begin at 9a on Wednesday, January 8, 2020 and run for 3 days only until 5p on Friday, January 10, 2020.

These 2019 OPIF Tax Credits can be used for the 2019 tax year, and any unused portions can be carried over for a further 2 years. These credits can be bid on, purchased and used by individual tax payers and business tax payers alike, and are intended to be used on their Oregon state tax returns.

$500 tax credit increments can be bid on for purchase for as little as $450, or 10% discount. Bidders can bid on as many increments as they like, but it is an auction with only a set amount of credits available, so the highest paid bid will win when there are more bids than available credits.

Please help us get the word out - share with other Union members, clients and colleagues and have them sign up for the Tax Auction newsletter by following this link.

Important procedural points to note for these auctions:
- No bids will be accepted before or after the designated times.

- Bidders must submit payment along with Form TCA by Friday of the week following the close of the auction in order for their bid to be valid. This would mean a certified or cashier's check or money order and TCA form need to be sent to the Oregon Department of Revenue by the Friday, January 17, 2020 

- Further details can be found on the OPIF Tax Credit Auction site but the auction site will not become "active" until 9a on January 8, 2020.

Thanks for you support of the Unions and Guilds behind Entertainment!