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. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the OR-CROP (150-101-240) Crop Donation Tax Credit?
A: The OR-CROP (150-101-240) Crop Donation Tax Credit is a tax credit available in Oregon for farmers who donate crops to qualified organizations.

Q: Who is eligible for the OR-CROP (150-101-240) Crop Donation Tax Credit?
A: Farmers in Oregon who donate crops to qualified charitable organizations are eligible for the OR-CROP (150-101-240) Crop Donation Tax Credit.

Q: What is the benefit of the OR-CROP (150-101-240) Crop Donation Tax Credit?
A: The OR-CROP (150-101-240) Crop Donation Tax Credit allows farmers to receive a tax credit of 10% of the fair market value of the crops donated.

Q: How do farmers claim the OR-CROP (150-101-240) Crop Donation Tax Credit?
A: Farmers can claim the OR-CROP (150-101-240) Crop Donation Tax Credit by completing form OR-CROP (150-101-240) and including it with their Oregon tax return.

Q: What are qualified organizations for the OR-CROP (150-101-240) Crop Donation Tax Credit?
A: Qualified organizations for the OR-CROP (150-101-240) Crop Donation Tax Credit include food banks, nonprofit organizations, and charitable institutions that provide food to people in need.

Q: Is there a limit to the OR-CROP (150-101-240) Crop Donation Tax Credit?
A: Yes, the OR-CROP (150-101-240) Crop Donation Tax Credit is limited to $5,000 per taxpayer, per year.