New taxes might trigger kicker refunds

New taxes might trigger kicker refunds

New Oregon taxes might trigger kicker refunds for the first time since 2007.

The bad news for the state is that new taxes increased the potential that the state’s unique kicker law could be triggered. That would require the state to send at least $291 million back to taxpayers.

State economist Mark McMullen put the odds of the kicker kicking at less than 50 percent. But if earnings from capital gains surge or if Oregon’s economic recovery speeds up dramatically, he said, it could happen.

Read more at OregonLive.com.

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0 #1 Kicker RefundGuest 2013-11-23 00:05:08
Funny how things work. We say give us the money. They say no way. It is ours.. But comes tax time they all say GIVE, GIVE, GIVE.
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