Sponsored by George Fox University
Home Must Reads Oregon repeals corporate kicker

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

OB Video: Building trade ties with the EU

News
Monday, June 16, 2014
BritEmbCampionBY KIM MOORE | OB RESEARCH EDITOR

The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.


Read more...

13 West Coast seafood species now 'sustainable'

News
Tuesday, June 03, 2014

Fishing OrBiz Fishing 0357 ADOBErgbCiting the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.


Read more...

The role of higher education as K-12 underperforms

Contributed Blogs
Friday, May 30, 2014
ThumbChalkboardBY DEBRA RINGOLD | OB GUEST CONTRIBUTOR

Since 1970 the performance of our public education system has steadily deteriorated.


Read more...

Powerlist: Credit Unions

June 2014
Thursday, May 29, 2014
BY KIM MOORE

A conversation about credit unions with the CEOs of Advantis Credit Union and OSU Federal Credit Union, followed by June's Powerlist.


Read more...

Why I became an Oregon angel investor

Guest Blog
Monday, July 14, 2014
AngelInvestBY TERRY "STARBUCKER" ST. MARIE

I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.


Read more...

Salvage operation

June 2014
Thursday, May 29, 2014
BY JONATHAN FROCHTZWAJG

For Far West Fibers, one of Oregon's largest and oldest mixed-recycling companies, garbage alchemy has long been big business.


Read more...

The Scott Kveton affair

News
Wednesday, July 09, 2014
ScottKvetonBY LINDA BAKER | OB EDITOR

Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.


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