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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 ...
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 ]
Such tax is generally based on business income of the corporation apportioned to the state plus nonbusiness income only of resident corporations. Most state corporate income taxes are imposed at a flat rate and have a minimum amount of tax. Business taxable income in most states is defined, at least in part, by reference to federal taxable income.
Also, Brookings reported that many key provisions of the 2017 Tax Cuts and Jobs Act will sunset at the end of 2025 without Congressional action. Although 2024 is in the books, now is the time to ...
The Oregon Department of Revenue is the principal tax collection agency in the U.S. state of Oregon.It is charged with administering the state's tax laws and collection of state taxes including personal and corporate income and excise taxes; gift and inheritance taxes; and tobacco taxes and those imposed by more than thirty other tax programs.
TriMet operates a light rail system (MAX Light Rail), the Portland Streetcar, and a commuter rail line (WES Commuter Rail). TriMet is "a municipal corporation of the State of Oregon", with powers to tax, issue bonds, and enact police ordinances and is governed by a seven-member board of directors appointed by the Governor of Oregon. [8]
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.
The change enabled the city to reduce the rate of the payroll tax levied on area businesses for transit from 0.6 percent to 0.3 percent. Initially, the city provided the required replacement service by contracting with TriMet, which in turn contracted with Buck Ambulance to give service with vans. [2]
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