Tax credit auction

Oregon College Opportunity Grant Tax Credit Auction 

We are holding an online tax credit auction with the Higher Education Coordinating Commision for 309 increments of $500 tax credit certificates. This auction runs Monday, February 13, 2023 through Wednesday, February 15, 2023, with funds going to the Oregon Opportunity Grant Fund.

Individuals and businesses with an Oregon income tax liability may bid on the certificates and claim the credits on either the 2022 or 2023 Oregon tax return. If you have already filed your 2022 Oregon tax return when you are awarded the tax credit, use the credit on the 2023 Oregon return. Any amount not allowed on your 2022 or 2023 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 Standard Time (PST) February 13, 2023 and ends at 5 p.m. PST, Febraury 15, 2023. We won't accept online bids before or after these times.

The minimum discount percentage is 90 percent of the credit value. Therefore, the minimum bid amount for each $500 credit increment is $450.

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.
• You must bid at least $450 per increment.
  

Deadline

After placing your bid, deliver the following to our offices by 5 p.m. PST, February 24, 2023:

• Payment for full amount of bid; and
• A completed Tax Credit Auction form.

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 and instructions for mailing and contact information. You may call to schedule an appointment if you plan to submit your form and payment in person.

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 or doesn't match your bid amount.
• You don't include the form with your payment, or the form is incomplete.

Certificates and unsuccessful bids

Note: Contributions are not deductible on your Oregon return.