OR-LENDER: Schedule OR-LENDER, Lender's Tax Credit (2025)
Oregon · Oregon DOR · Used for tax years 2025
Schedule OR-LENDER calculates Oregon’s Lender’s Tax Credit for qualifying energy conservation and affordable housing loans. It reports interest or finance charge amounts and the current-year credit available, and is included with an Oregon corporation or insurance tax return.
Who files this form
The 2025 Schedule OR-LENDER calculates the Lender’s Tax Credit for these loan categories:
- Energy conservation measures: Loans to a residential fuel oil customer or a wood heating resident made after December 31, 1981, and before January 1, 2012.
- Affordable housing: Loans to a project certified by the Oregon Housing and Community Services Department, or to a household participating in a community rehabilitation program, made after December 31, 1989, and before January 1, 2032.
Include this schedule with your Oregon corporation or insurance tax return.
What you'll need
To complete the schedule, have your corporation’s legal name as shown on your Oregon return and its federal employer identification number (FEIN).
For energy conservation loans, you need:
- The total interest that would have been charged at the rate for nonqualifying loans made at the same time.
- The total interest calculated using any applicable upper limit set by the director of the Department of Energy.
- The total interest allowed to be charged at 6.5 percent.
For affordable housing loans, you need:
- The current-year finance charge that would have applied to nonsubsidized loans under like terms and conditions when the loan was made.
- The finance charge actually charged, including loan interest, the loan fee, and interest on the loan fee.
- The average unpaid loan balance during the year.
How to file
- Complete the applicable credit calculation on Schedule OR-LENDER.
- Claim the current-year credit from line 5 on Schedule OR-ASC-CORP using credit code 848.
- Include Schedule OR-LENDER with your Oregon corporation or insurance tax return.
- Submit the original form, not a photocopy.
The form does not provide a mailing address or e-filing instructions.
Common mistakes
- Submitting a photocopy: The form says to submit the original form, not a photocopy.
- Leaving out the schedule: Include it with your Oregon corporation or insurance tax return.
- Using a different credit code: Both credit calculations direct you to claim the credit on Schedule OR-ASC-CORP using code 848.
Questions people ask
How is the energy conservation credit calculated?
Enter the lesser of lines 1 and 2 on line 3. Subtract line 4, the total interest allowed at 6.5 percent, from line 3 to calculate the current-year credit on line 5.
What if the Department of Energy has not set an upper interest-rate limit?
Enter the amount from line 1 on line 2 of the energy conservation section.
How is the affordable housing credit calculated?
Subtract the finance charge actually charged on line 2 from the comparable nonsubsidized finance charge on line 1. The current-year credit is the lesser of that difference or 4 percent of the average unpaid loan balance during the year.
Where do I claim the credit?
Claim the current-year credit on Schedule OR-ASC-CORP using credit code 848. Include Schedule OR-LENDER with your Oregon corporation or insurance tax return.