Search results
Results from the WOW.Com Content Network
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 ...
As NBC affiliate KGW reported this week, current Oregon law doesn’t allow the kicker to be sent out as a check. The state legislature changed the distribution method to a tax credit in 2011.
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 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]
For premium support please call: 800-290-4726 more ways to reach us
An unusual variant is the Oregon kicker, which bans surpluses of more than 2% of revenue by refunding the money to the taxpayers. State balanced budget requirements do not apply to state capital budgets, which generally allow states to use their debt capacity to finance long-term expenditures such as transportation and other infrastructure. [30]
The Oregon Administrative Rules is organized by chapters, with each chapter representing a government agency (Chapter 110 for example is the Capitol Planning Commission). The Office of the Legislative Counsel reviews administrative rules with regard to constitutionality and scope and intent of enabling legislation.
Oregonians could soon vote to make permits, safety training, and criminal background checks a requirement to purchase and own a firearm. Measure 114: Oregon could soon have stricter requirements ...