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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 ...
The surplus is the largest in state history and will be returned to taxpayers through a credit on their 2023 state personal income tax returns to be filed in 2024, Oregon.gov said in an Oct. 9 ...
The kicker prediction, based on the latest state revenue forecast, was presented Wednesday during a legislative committee. Oregon economists predict nearly $1 billion kicker tax credit in 2026 ...
Oregon Ballot Measure 118, the Corporate Tax Revenue Rebate for Residents Initiative, was a proposed Oregon state initiative that was decided by voters as part of the 2024 Oregon elections on November 5, 2024. [1] [2]
The economists told lawmakers Wednesday that the economic forecast is relatively unchanged, but revenues are estimated to end 2.5% above expectations.
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.
DeBoer chief-sponsored two pieces of legislation during the 2017 session, one a memorial to former Senator Alan Bates, the second to repeal the Oregon Income Tax kicker refund. [9] Alan DeBoer voted with his Republican colleagues 94% of the time and missed 30 votes. [ 10 ]
When they file income tax returns, they are entitled to a tax refund. Usually, the quicker you file a return, the sooner you get a tax refund. ... 8 Reasons Your Tax Refund Could Be Late in 2024 ...
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