OR HB3329

Increases the annual cap on tax credits for certified film production development contributions to the Oregon Production Investment Fund from $20 million to $28 million per fiscal year

Tax credits are available to individual taxpayers and corporations who contribute to the fund, which supports film and media production in Oregon

The Department of Revenue conducts auctions of tax credits with a minimum reserve bid of 90% of the credit value, with net proceeds deposited in the Oregon Production Investment Fund

Unused tax credits may be carried forward for up to three succeeding tax years, with the program expiring for tax years beginning on or after January 1, 2030

Applies to fiscal years beginning on or after July 1, 2025, taking effect on the 91st day following adjournment of the 2025 legislative session