Success with OPIF

Over the last several years, the Oregon Film office has raised money for the Oregon Production Investment Fund (OPIF) by auctioning state tax credits. This provides our industry with incentives for film, tv, animation and video game production within the state.

This year’s auction ran from September 30th – October 4th and nearly sold out!  Of the 28,000 total credit increments, there were 27,189 increments auctioned off for a total credit amount of nearly $13.6M. Those successful bids amounted to approximately $12.3M being collected in funding for the OPIF, iOPIF and rOPIF programs.

What kind of incentives does the fund provide you say? Well, the state issues cash rebates for goods and services paid to Oregon registered vendors, as well as rebates for Oregon-based payroll.  For specifics on percentages and what types of projects qualify, go visit the Oregon Film website at: https://oregonfilm.org/incentives/

The Oregon Film office is planning to hold a second auction in early 2020 to auction off the remaining credits. Go follow @oregonfilm on Instagram for updates.