Corporate rebate could kick in

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Thursday, March 14, 2013

Oregon tax collections are close to the threshold that would send millions of dollars back to companies.

State tax collections are flirting with the threshold that would trigger millions of dollars in rebates to corporations under a tax law unique to Oregon known as the “kicker.”

Voters decided in November that corporate kicker rebates should go to schools instead, but that doesn’t take effect until the next budget cycle. If corporate tax collections exceed projections by at least 2 percent once the two-year budget period ends June 30, the entire surplus would be returned to corporations.

Read more at The Register-Guard.

{biztweet}oregon kicker{/biztweet}

 

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