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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]
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 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 ...
Some Oregon taxpayers will receive a welcome windfall when they file their personal state income taxes in 2024 for the 2023 tax year. The Oregon Department of Revenue reported a surplus of $5.61...
Millions have been raised in opposition of the measure which would raise taxes on some corporations and distribute the money to every Oregonian.
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]
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 ...
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly.
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