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Panel hears proposal to raise annual film tax‑credit auction cap to $28 million
Summary
Supporters from Oregon Film and filmmakers told the House Committee on Revenue that increasing the auction cap for film tax credits would help attract multi‑season TV series and sustain local industry jobs; a Tax Fairness Oregon witness urged converting credits to direct grants and warned of fiscal cost and inefficiency
The House Committee on Revenue held a public hearing March 25 on House Bill 3,329, which would increase the annual auction cap on Oregon’s film tax credit from $20 million to $28 million beginning with auctions held on or after July 1, 2025.
Tim Williams, executive director of Oregon Film, described the state’s production incentives and industry growth and said the program is modest compared with larger programs elsewhere but has generated jobs and spending across Oregon. “These programs ... provide an approximate 25% rebate on projects that are being produced throughout the state,” Williams told the committee.
Williams and several industry…
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