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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]
The Legislature in 1979 passed a 2% kicker law and voters approved it in 1980, requiring the state to refund surplus revenues to taxpayers when actual revenues exceed forecasted revenues by more ...
If you hear the term "Oregon kicker" this week, chances are it has nothing to do with college football players kicking field goals. Instead, it's likely in reference to the state's tax surplus ...
The economists told lawmakers Wednesday that the economic forecast is relatively unchanged, but revenues are estimated to end 2.5% above expectations. Oregon on the cusp of generating another ...
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.
Much of the money spent to promote these anti-tax measures were provided by out-of-state backers including Americans for Tax Reform headed by Grover Norquist. [1] Tim Knopp, a Republican lawmaker from Bend, was the main author of the “kicker” tax rebate and the later successful effort to place it in the Oregon Constitution. He is the former ...
Many U.S. taxpayers will see a difference in their 2023 tax refunds due to the stop on pandemic-related benefits and relief by lawmakers. This means that families may see a smaller refund when ...
Tax refunds are a big silver lining of enduring winter — but, if you’re expecting a big check in 2023, be prepared to see less than previous years. Learn: 5 Hidden Costs of Electric Vehicles
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