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The Oregon tax rebate, commonly referred to as the kicker, is a rebate calculated for both individual and corporate taxpayers in the U.S. state of Oregon when a revenue surplus exists. The Oregon Constitution mandates that the rebate be issued when the calculated revenue for a given biennium exceeds the forecast revenue by at least two percent. [1]
Oregon is the only state with a”kicker.” [8] Originally sent to taxpayers as a check, it is now returned as a credit toward state income tax returns. In 2024, the “kicker” will be a record $5.6 billion. [9]
Oregonians this year received part of a record-breaking $5.6 billion kicker state tax credit when they filed their 2023 tax returns. ... Total personal income tax collections increased by 3% in ...
[3] [4] [5] Opponents of the measure believe that an increased sales tax would be passed on to consumers through price increases, and criticized the tax rebate for its lack of income or age test (i.e. that even Oregon billionaires like Phil Knight or Tim Boyle would receive an annual check). [6]
Millions have been raised in opposition of the measure which would raise taxes on some corporations and distribute the money to every Oregonian.
This story will be updated at 8 p.m. with the initial election results. Measure 118, known as the "Oregon Rebate," would increase the minimum tax by 3% on businesses that have sales in the state ...
On November 30, Sizemore and his wife were indicted by the State of Oregon on charges of tax evasion for failing to file state income tax returns for the years 2006–2008. [2] He had previously acknowledged failing to file in sworn testimony and was indicted after he failed to file during Oregon's tax amnesty ended on November 19. Sizemore ...
Rebate amounts start at $350 and are based on a combination of income, household size and tax-filing status. ... The amount of the rebate is income-based, with homeowners earning up to $150,000 ...