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For the 2025-27 biennium, economists are revising their estimate to lower available resources by $66 million due in part to the personal kicker being paid out. Reserves remain sizable, too.
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]
The economists told lawmakers Wednesday that the economic forecast is relatively unchanged, but revenues are estimated to end 2.5% above expectations.
The 83rd Oregon Legislative Assembly is the current session of the Oregon Legislature. It began on January 21, 2025. It began on January 21, 2025. [ 2 ] [ 3 ] [ 4 ] Democrats netted one seat in both the House and the Senate to win a three-fifths supermajority in both chambers, which is required to pass new taxes or update existing taxes. [ 5 ]
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.
In 2025, benefits will be temporarily reduced by $1 for every $2 earned above $23,400 for beneficiaries below their FRA. For those reaching FRA in 2025, the limit increases to $62,160. Orman ...
In 2025, Social Security will tax wages up to $176,100, up from $168,600 in 2024. The change takes effect in January 2025, though the tax rate on those wages, 6.2 percent, will remain the same.
The 2025 Oregon State Beavers football team will represent Oregon State University in the Pac-12 Conference during the 2025 NCAA Division I FBS football season. Led by second-year head coach Trent Bray , the Beavers play their home games on campus at Reser Stadium in Corvallis, Oregon .