Form OR-CROP (150-101-240) Crop Donation Tax Credit - Oregon

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Form OR-CROP (150-101-240) Crop Donation Tax Credit - Oregon

What Is Form OR-CROP (150-101-240)?

This is a legal form that was released by the Oregon Department of Revenue - a government authority operating within Oregon. Check the official instructions before completing and submitting the form.

FAQ

Q: What is OR-CROP?A: OR-CROP is a tax credit program in Oregon for crop donations.

Q: What is the purpose of OR-CROP?A: The purpose of OR-CROP is to incentivize crop donations in Oregon.

Q: How does OR-CROP work?A: OR-CROP allows taxpayers to claim a tax credit for donating crops to qualified organizations.

Q: What is the tax credit amount for OR-CROP?A: The tax credit amount for OR-CROP is 15% of the fair market value of the donated crops.

Q: Who is eligible for OR-CROP?A: Any individual or business that donates crops to qualified organizations in Oregon is eligible for OR-CROP.

Q: What are qualified organizations for OR-CROP?A: Qualified organizations for OR-CROP include food banks, food assistance programs, and nonprofits that distribute food to those in need.

Q: Are there any restrictions or limitations for OR-CROP?A: Yes, OR-CROP has certain restrictions and limitations, such as a maximum credit amount per taxpayer and requirements for documentation.

Q: How to claim the OR-CROP tax credit?A: Taxpayers need to fill out Form OR-CROP (150-101-240) and include it with their Oregon state tax return to claim the OR-CROP tax credit.

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Form Details:

  • Released on August 18, 2022;
  • The latest edition provided by the Oregon Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form OR-CROP (150-101-240) by clicking the link below or browse more documents and templates provided by the Oregon Department of Revenue.

Download Form OR-CROP (150-101-240) Crop Donation Tax Credit - Oregon

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