Oregon

Increased Corporate Tax Collections Could Trigger Oregon's Kicker Rebate

Northwest News Network | May 16, 2013 3:22 p.m.

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Better-than-expected tax collections could trigger Oregon’s unique kicker law, at least for corporations. The rebate is issued if revenues exceed initial projections by more than two percent. A newly released revenue forecast noted Thursday that business taxes have been robust enough to cross that threshold.

But state economist Mark McMullen says a final tally won’t be made until later this year. “We believe that a kicker is better than a 50-50 shot. But not a sure thing. That came with a big surge in corporate taxes at the beginning of the year.”

McMullen is not projecting a kicker rebate on personal income taxes.

Oregon voters approved a ballot measure last year to eliminate corporate tax kickers. But that doesn’t take effect until the next budget cycle. Lawmakers are considering a bill that would do away with the corporate kicker this year, but it has yet to receive a vote.

On the Web:

Surplus Refund (Kicker) History - Oregon Dept. of Revenue

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