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Oregon’s “Kicker”

Oregon’s “Kicker”. Kicker Tax Rebate: How it Works. Every two years, forecast personal income and corporate tax returns for the coming two years If after two years personal income returns are more than 2% over the estimation, return the amount over the forecast to tax payers

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Oregon’s “Kicker”

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  1. Oregon’s “Kicker”

  2. Kicker Tax Rebate: How it Works • Every two years, forecast personal income and corporate tax returns for the coming two years • If after two years personal income returns are more than 2% over the estimation, return the amount over the forecast to tax payers • If corporate tax returns are more than 2% over, the amount over goes specifically to K-12 education

  3. History • Approved by voters in 1980: part of Prop 13 anti-tax wave • 2000: voters place kicker in Oregon Constitution • 2012: Measure 85

  4. Obstacles to Reform • Political popularity (perceived and real) • Constitutional amendment process

  5. Crafting a Proposal • Balancing between: • Stability and predictability of state funds • Political viability

  6. Questions?

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