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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]
[3] [4] [5] Opponents of the measure believe that an increased sales tax would be passed on to consumers through price increases, and criticized the tax rebate for its lack of income or age test (i.e. that even Oregon billionaires like Phil Knight or Tim Boyle would receive an annual check). [6]
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 tax rebate; Oregon tax revolt This page was last edited on 4 October 2009, at 09:21 (UTC). Text is available under the Creative Commons ...
Ecotax, a tax of any kind intended to improve the environment. Franchise tax is a tax levied on the net worth of a corporation. Khums was a tax on items looted during war levied in Islamic States. Scutage was a tax levied in England. A person could pay scutage instead of serving in the military. Surtax is an additional tax levied on some other tax.
Millions have been raised in opposition of the measure which would raise taxes on some corporations and distribute the money to every Oregonian.
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 ...
The state of Oregon's RETC is a tax credit for solar systems. In 2016, Oregon Governor Kate Brown released a new budget proposal that does not extend the RETC program. In 2015, RETC gave $12.2 million in tax credits; in 2014, that amount was approximately $4.2 million. [44] Under the budget proposal, the credit will sunset at the end of 2017.