Although the revenue outlook appears on track for now, Oregon has yet to go through its first personal income tax filing season of the biennium, so considerable uncertainty remains. Even excluding the payment of the kicker credit, General Fund revenues were expected to be relatively unchanged when...
Oregon has a graduated individual tax which ranges from 4.75%-9.90%. There is no state sales tax in Oregon. The constitution includes a “kicker” that caps tax revenue limits. When the total tax revenue exceeds the limit by more than two percent, the excess must be returned to taxpayers....
Over the past decade, Oregon has increased its dependence on consumption-based taxes. It was expected that many of these taxes would be boosted during the personal income tax filing season as a result of the large refunds generated by the kicker credit. However, there is little evidence to da...
The State of Oregon also allows transit districts to levy an income tax on employers and the self-employed. The State currently collects the tax for TriMet and the Lane Transit District.[213][214] Oregon is one of six states with a revenue limit.[215] The "kicker law" stipulates that ...
years to some extent. NASBO in their report note that in dollar terms, about half of the tax cuts are temporary and half are permanent. Here in Oregon we do not count the kicker as an official tax cut, nor does the Tax Foundation or NASBO, but it is effectively a temporary tax cut....