Oregon Department of Revenue

Renewable Energy Development Fund tax credit auction

We are holding an online tax credit auction with the Oregon Department of Energy for 1,500 increments of $500 tax credit certificates. This auction runs September 25 - 29, 2017 and contributions go to the Renewable Energy Development Fund.


Individuals and businesses with an Oregon income tax liability may bid on the certificates and claim the credits on 2017 tax returns. Any amount not allowed on your 2017 return can be carried forward up to three years. You can't transfer the credits to anyone else.

Bidding begins at 9 a.m. Pacific Daylight Time (PDT) September 25, 2017 and ends at 5 p.m. PDT, September 29, 2017. We won't accept bids before or after these times. 


Bidding tips

  • The earlier you bid, the better. If there's a tie, the earliest bid wins.
  • Bid as many times as you like. If you submit multiple bids, we will issue certificates for all winning bids. You can't change your bid once it's submitted.
  • Minimum bid is $475 per increment.


Deadline

After placing your bid, deliver the following to our offices by 5 p.m. PDT October 6, 2017:

Submit a separate form and full payment for each bid. Payment must be a cashier's check, certified check, or money order made payable to Oregon Department of Revenue.

See the Tax Credit Auction form for mailing instructions and office locations.

If your bid isn't successful, we'll return your payment to the address you provide on the form.


Your bid will be invalidated if:

  • Your payment and form are late.
  • Your payment isn't for the full amount.
  • You don't include the form with your payment, or the form is incomplete. 


Bidding is now closed

If you placed a bid and got a confirmation from us, you need to send the following:

  • Payment for the full amount of your bid; and

  • A completed Tax Credit Auction form.

  • You must submit a form and full payment for each bid.

  • Your payment must be a cashier's check, certified check, or money order made payable to Oregon Department of Revenue.

  • We must receive the form and your payment in a Department of Revenue office by 5 p.m. PDT, October 6, 2017.


 
 

Contact us

Email: taxcreditauction@oregon.gov