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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 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.
Some school districts (either traditional or earned income tax base; reported on separate state form SD-100). RITA (Regional Income Tax Agency). [37] Most cities and villages (more than 600 [38] out of 931) on earned income and rental income. Some municipalities require all residents over a certain age to file, while others require residents to ...
Oregon Ballot Measure 97 was a ballot measure in the 2016 election in the U.S. state of Oregon.The initiative asked voters to determine whether or not to impose a 2.5 percent gross receipts tax on C corporations with Oregon sales exceeding $25 million.
Oregon's biennial state budget, $2.6 billion in 2017, comprises General Funds, Federal Funds, Lottery Funds, and Other Funds. [56] Oregon is one of only five states that have no sales tax. [57] Oregon voters have been resolute in their opposition to a sales tax, voting proposals down each of the nine times they have been presented. [58]
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.
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