What is a tax credit? Unlike a tax deduction that only reduces the amount of your taxable income, a tax credit reduces the amount of tax you owe. Your gift to the Oregon Cultural Trust will reduce your April Oregon Income Tax bill dollar for dollar…a 100% credit for every dollar you give to the Trust ($500 for individuals, $1,000 for couples filing jointly and $2,500 for Oregon corporations). The cultural tax credit couldn't be easier.

Oregonians can claim their donation on line 39 of their Oregon Form 40 tax return, or line16 of their Oregon Form 40S tax return. The "identify" code for the Oregon Cultural Trust is 722.