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20 States Are Sending Out Stimulus Checks To Eligible ResidentsOregon’s predicted 2024 kicker rebate grows to $3.7 billion ahead of likely ‘mild’ recessionPeople who received unemployment in 2020 and filed taxes will receive automatic refundOregon Senate, House Republican Legislators File Ballot Measure to Freeze Property Taxes for SeniorsRegional News
Oregon's Estimated Kicker Grows
Posted About One Year Ago by 24/7 News Source
(Salem, OR) -- The potential income tax kicker rebate for 2023 in Oregon has grown by 500-million dollars over the forecast three months ago. The Oregon Department of Revenue is forecasting a three-and-a-half billion dollar kicker which would be paid in 2024. The forecast depends on whether the Federal Reserve is successful in avoiding a recession. Oregon's kicker refund is triggered when tax revenue exceeds two-percent of the state's budget. A mild recession could reduce revenue by one-point-two billion dollars.
