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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]
Millions have been raised in opposition of the measure which would raise taxes on some corporations and distribute the money to every Oregonian.
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 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. [1] [2]
The kicker prediction, based on the latest state revenue forecast, was presented Wednesday during a legislative committee. Oregon economists predict nearly $1 billion kicker tax credit in 2026 ...
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 ...
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HB 3405 replaced the corporate minimum tax of $10, paid by two thirds of corporations in Oregon, with a sliding scale: At the bottom of the scale, corporations with sales under $500,000 in Oregon will pay $150; at the top, corporations with sales over $100 million will pay $100,000.