Oregon Economists Expected To Announce Kicker
Oregonians will learn Wednesday whether they will get a tax rebate known as the kicker. The one-of-a-kind law returns money to taxpayers when revenues exceed projections by more than two percent.
Most taxpayers are expected to get less than $200. But the exact amount will be revealed during a joint meeting of the House and Senate Revenue Committees.
The two-year budget cycle ended on June 30. This is the first revenue forecast, roughly two months later. And that's given economists enough time to crunch the numbers and figure out whether there will be a kicker.
It’s assumed there will be at this point, but the question remains how much the kicker will be and how much individual Oregon taxpayers will get back from the state.
The last time a kicker was issued for personal income taxes in Oregon was in 2007. Unlike last time, kicker money won't be mailed to taxpayers in the form of a check. Instead, it will be distributed as a credit on next year's tax form.