Oregon Tax Hikes May Trigger Kicker Rebate

By Jim McCoy Thu 21st November NewsOregon revenue forecasttax kicker
Oregon legislators raised taxes in September by nicking the wealthy and corporations, but they learned Thursday that new money may be offset by kicker tax rebates in 2015 that would go to all individual taxpayers. State economists told a legislative committee on Thursday the latest revenue estimates are halfway to the threshold that would trigger the kicker rebates. Those rebates are paid when tax collections exceed projections by at least 2 percent. Democratic State Sen. Ginny Burdick called it worrisome that the state faces the prospect of a kicker "just as we're getting some level of stability in our education system." But she says there's time for the Legislature to make adjustments. State Economist Mark McMullen told lawmakers Oregon's economic recovery is starting to reach rural areas and more industries.

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