Oregon repeals corporate kicker

| Print |  Email
Must Reads
Wednesday, November 07, 2012

Oregon voters passed Measure 85, which diverts corporate kicker revenue into a fund for public schools instead of rebating the money to companies.

Under Oregon law, if state income tax collections exceed revenue projections by 2 percent or more over a two-year span the state must rebate the surplus to taxpayers. The law makes a distinction between personal and corporate refunds. Corporate refunds are typically much smaller than personal ones, and have averaged about $120 million every two years.

Read more at OregonLive.com.

{biztweet}oregon kicker{/biztweet}

 

Comments   

 
Guest
+1 #1 Oregon repeals corporate kickerGuest 2012-11-07 21:14:40
It appears the Oregon voters don’t understand economics. First they vote to double the annual registration fee (from $50 to $100) and increase the minimum excise tax 1500% (from $10 to $150). Now they vote to take away the opportunity to receive a kicker refund. It's a wonder there are any businesses left in Oregon the way the voters treat them. I currently own a small corporation in Oregon and last year I paid 53% in Federal and State taxes. And that doesn’t include the personal tax liability I have to pay on the minimal salary I might receive during the year.
Quote | Report to administrator
 

More Articles

Store Bought

July/August 2015
Friday, July 10, 2015
BY LINDA BAKER

Market of Choice is on a tear. In 2012 the 35-year-old Eugene-based grocery chain opened a central kitchen/distribution center in its hometown. The market opened its third Portland store in the Cedar Mill neighborhood this year; another outpost in Bend broke ground in March. A fourth Portland location is slated for the inner southeast “LOCA” development, a mixed-use project featuring condos and retail. Revenues in 2014 were $175 million, a double-digit increase over 2013. CEO Rick Wright discusses growth, market trends and how he keeps new “foodie” grocery clerks happy.


Read more...

Flattery with Numbers

July/August 2015
Friday, July 10, 2015
BY JOE CORTRIGHT

The false promise of economic impact statements.


Read more...

Fixing Oregon’s broken roads

The Latest
Tuesday, June 09, 2015
RUCCostComparison rev4-30BY KIM MOORE | RESEARCH EDITOR

The technology at the center of Oregon’s road usage fee reform.


Read more...

Department of Self-Promotion

Linda Baker
Wednesday, June 17, 2015

061715-awards1Oregon Business wins journalism awards.


Read more...

Photo log: Murray's Pharmacy

The Latest
Friday, July 17, 2015
OBM-Heppner-Kaplan thumbBY JASON KAPLAN

Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner.  The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.


Read more...

Oregon needs a Grand Bargain energy plan

Linda Baker
Monday, June 22, 2015
0622-gastaxblogthumbBY LINDA BAKER

The Clean Fuels/gas tax trade off will go down in history as another disjointed, on-again off-again approach to city and state lawmaking.


Read more...

Downtime with Debra Ringold

July/August 2015
Monday, July 13, 2015
BY JACOB PALMER

Dean of the Atkinson Graduate School of Management, Willamette University


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS