Tag Archives: Tax Refund

State says that kicker refunds will be larger than first anticipated

Oregon Office of Economic Analysis says the kicker will grow to $1.6 billion this year. Oregon taxpayers will receive even more in the form of a kicker next year, a state agency announced last week. Source: Pamplin Media Group – State says that kicker refunds will be larger than first anticipated

Tax surplus kickers will be refunded with tax credits

You’re getting a tax surplus kicker but it’s showing up in your taxes, not your mailbox. A $1.5 billion tax surplus confirmed earlier this month by the Office of Economic Analysis triggered a tax surplus credit, or kicker, for the 2018 tax year. The surplus will be returned to taxpayers through a credit on their […]
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Editorial: Kicker belongs to taxpayers

There it sits, a gleaming pot full of money, about $1.4 billion, to be exact. It’s Oregon’s kicker money, paid in by Oregon taxpayers and required by the state constitution to be returned to them. Gov. Kate Brown is loath to do that. She wants the Legislature to approve a law that would keep a […]
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Gov. Kate Brown Proposes Capping Kicker For Wealthier Oregonians

The plan would slash the projected $1.4 billion tax refund by half a billion dollars, putting money toward pensions and rural projects. The $1.4 billion refund projected to flow back to Oregon taxpayers next year would be chopped for some of the state’s highest earners, under a proposal Gov. Kate Brown unveiled Thursday. In an idea Brown […]
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After tight vote, pension reform bill sent to governor

Gov. Brown has offered a plan to offer $250M to rural communities for improvements to rural housing and broadband and $250M to PERS. Gov. Kate Brown announced a plan Thursday to limit Oregon’s unique tax rebate known as the kicker, saying she wants to divert $500 million in tax credits away from the state’s top […]
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Gov. Brown wants to cap higher kicker rebates, redirect $500 million | Capital Bureau

Oregon Gov. Kate Brown wants to limit the money that Oregonians could get back through a popular tax rebate next year. Oregon is currently expected to hand about $1.4 billion back to taxpayers in 2020 through what’s known as the “kicker.” Source: Gov. Brown wants to cap higher kicker rebates, redirect $500 million | Capital […]
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Brown wants to divert kicker from top earners

Gov. Kate Brown announced a plan Thursday to limit Oregon’s kicker, saying she wants to divert $500 million in tax credits away from the state’s top income earners to pay down pension costs and invest in rural housing. “It’s fiscally responsible and makes common sense,” the Democrat told reporters. “Most Oregonians would get their full […]
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Oregon House Speaker Introduces Bill To Cut Projected Record ‘Kicker’ Tax Refund By Half

The Oregon House Speaker wants to use roughly $700 million of the one-time money on bridge repair, cleaner burning diesel and encouraging electric cars. A day after state economists revealed the largest “kicker” tax rebate in Oregon’s history might be flowing back to taxpayers next year, House Speaker Tina Kotek, D-Portland, is introducing a plan […]
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Forecast: ‘Kicker’ tax rebate could grow to $748.5M

For taxpayers, Oregon’s latest state revenue forecast could mean larger “kicker” rebates when they file their taxes in 2020. Economists are predicting the total rebate could reach $748.5 million, up from $724 million at the last forecast in November. Source: Forecast: ‘Kicker’ tax rebate could grow to $748.5M

Why a smaller tax refund doesn’t mean higher taxes

To many taxpayers, it seems like it doesn’t pencil out. A promise of lower taxes by the Trump administration isn’t translating into a bigger tax refund. While it comes down to the bottom line, how much you owe compared to how much you had taken out of your paycheck, Eve Davis of In or Out […]
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