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and associated construction activity. There will also be local semiconductor job gains as well. The details of these projects are not public. However the combination of the federal and state programs, and momentum
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....
Oregon is one of six states with a revenue limit.[217] The "kicker law" stipulates that when income tax collections exceed state economists' estimates by two percent or more, any excess must be returned to taxpayers.[218] Since the enactment of the law in 1979, refunds have been issued ...
Looking ahead to the 2025-27 biennium, available resources are revised lower by $66 million compared to the previous forecast. Increases in corporate, estate, and interest earnings are not enough to fully offset the larger personal kicker being paid out. That said, when looking at the state bu...