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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 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 ...
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 ...
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] Anti-tax activists defeated two proposals in 2003 and 2004 (Measure 28 and Measure 30), which were referred to voters by the Oregon ...
The State currently collects the tax for TriMet and the Lane Transit District. [65] [66] Oregon is one of six states with a revenue limit. [67] The "kicker law" stipulates that when income tax collections exceed state economists' estimates by two percent or more, any excess must be returned to taxpayers. [68]
Millions have been raised in opposition of the measure which would raise taxes on some corporations and distribute the money to every Oregonian. Measure 118: 'Oregon Rebate' proposes taxing ...
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]
Another state with a Republican trifecta in the statehouse and governor's office, Louisiana is cutting its individual income tax rate to a flat rate of 3% starting Jan. 1, down from a graduated ...
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