Kicker graphic

Personal income tax kicker becomes likely, says state economists

Today, state economists released the revenue forecast predictions for March 2015. According to the current forecast, the state is expecting revenues to exceed the two percent personal income tax kicker threshold by approximately $59 million. Therefore, if these predictions hold true, there will be a $349.3 million kicker returned to taxpayers in 2015. Unlike kickers in the past, however, the payment will be expended in the form of a tax credit on the taxpayer’s 2015 filing. There is also a $55.7 percent corporate income tax kicker anticipated. However, due to Measure 85 (2012), the amount in excess is transferred to the State School Fund. Economists will not know for certain whether the personal income tax kicker will “kick” until all of the returns from this year are filed, which will likely be during the fall.

Overall, there is no singular reason for the personal income tax kicker exceeding close of session (COS) projections. However, state economists suggested that the 2013 Special Session likely played a significant role. As part of the “grand bargain” in October 2013, the legislature passed a measure raising corporate and personal taxes to help support the State School Fund. Today, economists attributed $87 million of the $349 million gained to this measure. In other words, the special session could very well have pushed revenues past the threshold.

kicker

The reality of a personal income tax kicker creates a new challenge for lawmakers, as well as Gov. Kate Brown, who is only in her first day as the state’s chief executive. While they are writing the budget for the 2015-17 biennium, they will now have to account for the possibility of a $349.3 million tax credit next year. Therefore, there could likely be conversations about both tax increases and budget cuts in order to supplement lost revenue.

COS

 

Sen. Mark Hass (D-Beaverton), Chair of the Senate Finance & Revenue Committee, has spent the past year encouraging his colleagues to consider changes to Oregon’s tax structure that would make revenue less volatile. In fact, Oregon’s tax model is one of the most volatile systems in the country with 68 percent of our annual revenues coming from the income tax. One of the suggestions being made by Sen. Hass is to consider implementing a sales tax, dedicating 75 percent of the revenues to the State School Fund and the remaining 25 percent to a low income tax credit. While a sales tax continues to be unpopular in Oregon, it presents an opportunity to stabilize school funding with a revenue source that does not boom and bust nearly as much as the overall economy. Under the current structure, revenues from income and capital gains taxes rise and fall based on the status of the economy. This inevitably leads to affluent revenues during periods of positive growth, increasing resources for the public school system. During recessions, however, this leads to a shortage of funds needed to sustain education investments. Converting to a sales tax would establish a less volatile stream of revenues that would promote reliable investments in education.

The fiscal conversation will be in full force in the upcoming weeks and months, now that attention will shift to the reality of a possible kicker-induced budget shortfall. Once the co-chairs introduce their biennial budget for 2015-17, which will likely be in the next month, we will have a clear idea of the pathway forward.


791 thoughts on “Personal income tax kicker becomes likely, says state economists

  1. Pingback: Blue Coaster33
  2. Pingback: streaming movies
  3. Pingback: streaming movies
  4. Pingback: water ionizer
  5. Pingback: water ionizer
  6. Pingback: kangen water
  7. Pingback: DirectTV
  8. Pingback: lan her og nu
  9. Pingback: car parking
  10. Pingback: youporn
  11. Pingback: laan her og nu
  12. Pingback: car parking
  13. Pingback: water ionizer
  14. Pingback: next page
  15. Pingback: paypal loans
  16. Pingback: house blue
  17. Pingback: check over here
  18. Pingback: HD Coloring Pages
  19. Pingback: plan
  20. Pingback: pay day loans
  21. Pingback: here
  22. Pingback: alkaline water
  23. Pingback: view website
  24. Pingback: alkaline water
  25. Pingback: weblink
  26. Pingback: right here
  27. Pingback: pickleball paddles
  28. Pingback: water slides
  29. Pingback: rocky mount
  30. Pingback: interserver coupon
  31. Pingback: interserver coupon
  32. Pingback: website
  33. Pingback: click here
  34. Pingback: read more
  35. Pingback: new website
  36. Pingback: useful reference
  37. Pingback: my company
  38. Pingback: a fantastic read
  39. Pingback: original site
  40. Pingback: look at this site
  41. Pingback: additional hints
  42. Pingback: More Bonuses
  43. Pingback: Continued
  44. Pingback: Discover More
  45. Pingback: content
  46. Pingback: see post
  47. Pingback: look here
  48. Pingback: read more
  49. Pingback: best info
  50. Pingback: new website
  51. Pingback: news
  52. Pingback: how to
  53. Pingback: useful reference
  54. Pingback: imp source
  55. Pingback: a fantastic read
  56. Pingback: my response
  57. Pingback: their explanation
  58. Pingback: Visit Website
  59. Pingback: her latest blog
  60. Pingback: More Bonuses
  61. Pingback: check that
  62. Pingback: you could try here
  63. Pingback: Learn More
  64. Pingback: Get the facts
  65. Pingback: official statement
  66. Pingback: important source
  67. Pingback: click here
  68. Pingback: read more
  69. Pingback: click here
  70. Pingback: click here
  71. Pingback: click here
  72. Pingback: read more
  73. Pingback: read more
  74. Pingback: read more
  75. Pingback: website
  76. Pingback: read more
  77. Pingback: more news
  78. Pingback: official site
  79. Pingback: her latest blog
  80. Pingback: Clicking Here
  81. Pingback: More hints
  82. Pingback: best value
  83. Pingback: new source
  84. Pingback: learn now
  85. Pingback: click here
  86. Pingback: read more
  87. Pingback: important
  88. Pingback: find
  89. Pingback: figure out
  90. Pingback: continue reading
  91. Pingback: what to do
  92. Pingback: where to look
  93. Pingback: insight
  94. Pingback: quality article
  95. Pingback: quality article
  96. Pingback: Sperry's for women
  97. Pingback: useful reference
  98. Pingback: their explanation
  99. Pingback: Homepage
  100. Pingback: a fantastic read
  101. Pingback: find this
  102. Pingback: browse this site
  103. Pingback: my response
  104. Pingback: More hints
  105. Pingback: Get the facts
  106. Pingback: official statement
  107. Pingback: try this web-site
  108. Pingback: explanation
  109. Pingback: sperrys houston
  110. Pingback: read more
  111. Pingback: check my blog
  112. Pingback: click site
  113. Pingback: my review here
  114. Pingback: useful reference
  115. Pingback: Get More Info
  116. Pingback: see here
  117. Pingback: this website
  118. Pingback: great post to read
  119. Pingback: my company
  120. Pingback: imp source
  121. Pingback: click to read more
  122. Pingback: find more info
  123. Pingback: see it here
  124. Pingback: Homepage
  125. Pingback: a fantastic read
  126. Pingback: find this
  127. Pingback: Bonuses
  128. Pingback: read this article
  129. Pingback: click here now
  130. Pingback: browse this site
  131. Pingback: check here
  132. Pingback: original site
  133. Pingback: my response
  134. Pingback: this page
  135. Pingback: news
  136. Pingback: click here
  137. Pingback: click here
  138. Pingback: click here
  139. Pingback: click here
  140. Pingback: read more
  141. Pingback: read more
  142. Pingback: read more
  143. Pingback: what is new
  144. Pingback: what is new
  145. Pingback: what is new
  146. Pingback: aloe vera skin
  147. Pingback: aloe vera for acne
  148. Pingback: aloe vera for acne
  149. Pingback: more info
  150. Pingback: click here
  151. Pingback: read article
  152. Pingback: website
  153. Pingback: source
  154. Pingback: important
  155. Pingback: news
  156. Pingback: url
  157. Pingback: read more
  158. Pingback: niagen
  159. Pingback: read more
  160. Pingback: click here
  161. Pingback: find now
  162. Pingback: news
  163. Pingback: new article
  164. Pingback: best information
  165. Pingback: exceptional
  166. Pingback: see this here
  167. Pingback: Visit Website
  168. Pingback: keep reading
  169. Pingback: home page
  170. Pingback: more about this
  171. Pingback: hosting24 coupon
  172. Pingback: check my site
  173. Pingback: More Bonuses
  174. Pingback: click resources
  175. Pingback: Get the facts
  176. Pingback: official statement
  177. Pingback: click reference
  178. Pingback: you can look here
  179. Pingback: her explanation
  180. Pingback: why not try here
  181. Pingback: informative post
  182. Pingback: click here
  183. Pingback: read more
  184. Pingback: website
  185. Pingback: link
  186. Pingback: ebook
  187. Pingback: post
  188. Pingback: next
  189. Pingback: click reference
  190. Pingback: visit site
  191. Pingback: look here
  192. Pingback: Going Here
  193. Pingback: look at here now
  194. Pingback: important link
  195. Pingback: Extra resources
  196. Pingback: Niagen review
  197. Pingback: click here
  198. Pingback: click here
  199. Pingback: read more
  200. Pingback: website
  201. Pingback: visit them
  202. Pingback: new source
  203. Pingback: important
  204. Pingback: best info
  205. Pingback: information
  206. Pingback: read more
  207. Pingback: information
  208. Pingback: website
  209. Pingback: webpage
  210. Pingback: news
  211. Pingback: best source
  212. Pingback: best source
  213. Pingback: click here
  214. Pingback: Source
  215. Pingback: have a peek here
  216. Pingback: Check This Out
  217. Pingback: this contact form
  218. Pingback: navigate here
  219. Pingback: check over here
  220. Pingback: this content
  221. Pingback: click here
  222. Pingback: Source
  223. Pingback: Check This Out
  224. Pingback: this contact form
  225. Pingback: navigate here
  226. Pingback: weblink
  227. Pingback: check over here
  228. Pingback: his explanation
  229. Pingback: more info here
  230. Pingback: official site
  231. Pingback: look at this site
  232. Pingback: visit
  233. Pingback: see this
  234. Pingback: directory
  235. Pingback: see this here
  236. Pingback: see this here
  237. Pingback: feres
  238. Pingback: feres inşaat
  239. Pingback: feres gayrimenkul
  240. Pingback: feres
  241. Pingback: feres
  242. Pingback: additional hints
  243. Pingback: Bonuses
  244. Pingback: a fantastic read
  245. Pingback: find more info
  246. Pingback: find more info
  247. Pingback: great post to read
  248. Pingback: my company
  249. Pingback: useful reference
  250. Pingback: my review here
  251. Pingback: check my blog
  252. Pingback: this content
  253. Pingback: click here
  254. Pingback: midogen
  255. Pingback: source
  256. Pingback: source
  257. Pingback: source
  258. Pingback: niagen
  259. Pingback: click here
  260. Pingback: read more
  261. Pingback: More Bonuses
  262. Pingback: check my source
  263. Pingback: Check This Out
  264. Pingback: navigate here
  265. Pingback: Source
  266. Pingback: additional reading
  267. Pingback: great post to read
  268. Pingback: advice
  269. Pingback: more information
  270. Pingback: Related Site
  271. Pingback: useful link
  272. Pingback: pop over here
  273. Pingback: Full Article
  274. Pingback: read more
  275. Pingback: click here
  276. Pingback: pop over here
  277. Pingback: Full Article
  278. Pingback: click here
  279. Pingback: pop over here
  280. Pingback: read more
  281. Pingback: read more
  282. Pingback: click here
  283. Pingback: pop over here
  284. Pingback: Full Article
  285. Pingback: read more
  286. Pingback: click here
  287. Pingback: pop over here
  288. Pingback: Full Article
  289. Pingback: Full Article
  290. Pingback: read more
  291. Pingback: dig this
  292. Pingback: click site
  293. Pingback: news
  294. Pingback: this content
  295. Pingback: click here
  296. Pingback: check over here
  297. Pingback: check my blog
  298. Pingback: my company
  299. Pingback: imp source
  300. Pingback: this page
  301. Pingback: Get More Info
  302. Pingback: Homepage
  303. Pingback: great post to read
  304. Pingback: useful reference
  305. Pingback: my review here
  306. Pingback: a fantastic read
  307. Pingback: official site
  308. Pingback: directory
  309. Pingback: his explanation
  310. Pingback: browse this site
  311. Pingback: dig this
  312. Pingback: read this article
  313. Pingback: original site
  314. Pingback: Bonuses
  315. Pingback: More hints
  316. Pingback: page
  317. Pingback: her latest blog
  318. Pingback: additional hints
  319. Pingback: More Bonuses
  320. Pingback: Continued
  321. Pingback: check over here
  322. Pingback: this content
  323. Pingback: weblink
  324. Pingback: navigate here
  325. Pingback: navigate here
  326. Pingback: this contact form
  327. Pingback: have a peek here
  328. Pingback: Source
  329. Pingback: check my blog
  330. Pingback: great post to read
  331. Pingback: see here
  332. Pingback: see here
  333. Pingback: useful reference
  334. Pingback: Get More Info
  335. Pingback: click site
  336. Pingback: click site
  337. Pingback: my review here
  338. Pingback: news
  339. Pingback: my company
  340. Pingback: click here
  341. Pingback: Scalp Med
  342. Pingback: Visit Website
  343. Pingback: dig this
  344. Pingback: official statement
  345. Pingback: explanation
  346. Pingback: Bonuses
  347. Pingback: a fantastic read
  348. Pingback: my company
  349. Pingback: click here
  350. Pingback: official site
  351. Pingback: dig this
  352. Pingback: directory
  353. Pingback: useful reference
  354. Pingback: a fantastic read
  355. Pingback: Check This Out
  356. Pingback: weblink
  357. Pingback: weblink
  358. Pingback: have a peek here
  359. Pingback: greenox projesi
  360. Pingback: have a peek here
  361. Pingback: great post to read
  362. Pingback: a knockout post
  363. Pingback: additional reading
  364. Pingback: Recommended Site
  365. Pingback: sources tell me
  366. Pingback: this contact form
  367. Pingback: breaking news
  368. Pingback: the full details
  369. Pingback: my sources
  370. Pingback: from this source
  371. Pingback: I loved this
  372. Pingback: the advantage
  373. Pingback: on the main page
  374. Pingback: updated blog post
  375. Pingback: use this link
  376. Pingback: see page
  377. Pingback: great site
  378. Pingback: moved here
  379. Pingback: go to the website
  380. Pingback: read review
  381. Pingback: best information
  382. Pingback: read it here
  383. Pingback: see results
  384. Pingback: website
  385. Pingback: webpage
  386. Pingback: news
  387. Pingback: read blog
  388. Pingback: have a peak
  389. Pingback: source
  390. Pingback: click here
  391. Pingback: subject
  392. Pingback: this hyperlink
  393. Pingback: helpful site
  394. Pingback: such a good point
  395. Pingback: learn more
  396. Pingback: go to the website
  397. Pingback: homepage
  398. Pingback: my explanation
  399. Pingback: use this link
  400. Pingback: official source
  401. Pingback: your input here
  402. Pingback: a fantastic read
  403. Pingback: greenox
  404. Pingback: this contact form
  405. Pingback: Check This Out
  406. Pingback: have a peek here
  407. Pingback: a fantastic read
  408. Pingback: Source
  409. Pingback: check over here
  410. Pingback: Bonuses
  411. Pingback: Bonuses
  412. Pingback: great post to read
  413. Pingback: click here now
  414. Pingback: my company
  415. Pingback: find more info
  416. Pingback: this page
  417. Pingback: brownells coupon
  418. Pingback: additional hints
  419. Pingback: see this here
  420. Pingback: check my site
  421. Pingback: directory
  422. Pingback: see this
  423. Pingback: visit
  424. Pingback: article
  425. Pingback: best source
  426. Pingback: about the author
  427. Pingback: more info
  428. Pingback: read more
  429. Pingback: click here
  430. Pingback: good idea
  431. Pingback: find more info
  432. Pingback: click to read more
  433. Pingback: imp source
  434. Pingback: great post to read
  435. Pingback: my company
  436. Pingback: see here
  437. Pingback: this website
  438. Pingback: Get More Info
  439. Pingback: this page
  440. Pingback: my review here
  441. Pingback: see it here
  442. Pingback: see it here
  443. Pingback: explanation
  444. Pingback: see here now
  445. Pingback: check my reference
  446. Pingback: Visit Your URL
  447. Pingback: Read Full Report
  448. Pingback: that site
  449. Pingback: more helpful hints
  450. Pingback: this content
  451. Pingback: weblink
  452. Pingback: check over here
  453. Pingback: this contact form
  454. Pingback: navigate here
  455. Pingback: Source
  456. Pingback: Check This Out
  457. Pingback: Get More Info
  458. Pingback: my review here
  459. Pingback: news
  460. Pingback: click site
  461. Pingback: useful reference
  462. Pingback: check my blog
  463. Pingback: see here
  464. Pingback: best
  465. Pingback: fucoxanthin
  466. Pingback: geniux pills
  467. Pingback: intelligex
  468. Pingback: intellux
  469. Pingback: probrain
  470. Pingback: radian c
  471. Pingback: supreme antler
  472. Pingback: testomax
  473. Pingback: alpha f1
  474. Pingback: alpha fuel
  475. Pingback: alpha man pro
  476. Pingback: alpha peak
  477. Pingback: caralluma extract
  478. Pingback: anabolic rx24
  479. Pingback: cognifocus
  480. Pingback: garcinia melt
  481. Pingback: max synapse
  482. Pingback: nerventrax
  483. Pingback: nutra forskolin
  484. Pingback: premium cleanse
  485. Pingback: testoroar
  486. Pingback: zynev
  487. Pingback: pro forskolin
  488. Pingback: forskolin slim
  489. Pingback: garcinia cleanse
  490. Pingback: garcinia xt
  491. Pingback: forskolin fuel
  492. Pingback: vitapulse
  493. Pingback: Vita pulse
  494. Pingback: vitapulse review
  495. Pingback: pure colon detox
  496. Pingback: somnapure
  497. Pingback: perfect biotics
  498. Pingback: reviews vitapulse
  499. Pingback: vitapulse scam
  500. Pingback: vitapulse
  501. Pingback: vitapulse
  502. Pingback: vita pulse
  503. Pingback: probiotic america
  504. Pingback: traits
  505. Pingback: Vitiligo Miracle
  506. Pingback: Bikini Body Guide
  507. Pingback: Panic Away ebook
  508. Pingback: Alexapure Pro
  509. Pingback: Ecomaxx Review
  510. Pingback: T90 Xplode Reviews
  511. Pingback: Maxtropin Reviews
  512. Pingback: Tea tox
  513. Pingback: MegaDrox
  514. Pingback: Test X180
  515. Pingback: Test X180
  516. Pingback: vita pulse
  517. Pingback: probiotic america
  518. Pingback: Perfect Biotics
  519. Pingback: niagen anti aging
  520. Pingback: drones for sale
  521. Pingback: my company
  522. Pingback: Vfx Body
  523. Pingback: see it here
  524. Pingback: Survival Md
  525. Pingback: read this article
  526. Pingback: Bonuses
  527. Pingback: check over here
  528. Pingback: imp source
  529. Pingback: this contact form
  530. Pingback: this content
  531. Pingback: InstaBuilder 2.0
  532. Pingback: check here
  533. Pingback: click
  534. Pingback: Clicking Here
  535. Pingback: check that
  536. Pingback: The Beta Switch
  537. Pingback: see this here
  538. Pingback: check it out
  539. Pingback: Read More Here
  540. Pingback: find more
  541. Pingback: my response
  542. Pingback: other
  543. Pingback: Forex Trendy
  544. Pingback: his explanation
  545. Pingback: dig this
  546. Pingback: check my site
  547. Pingback: directory
  548. Pingback: visit
  549. Pingback: visit
  550. Pingback: check it out
  551. Pingback: additional hints
  552. Pingback: their explanation
  553. Pingback: his explanation
  554. Pingback: my site
  555. Pingback: 60 day fix review
  556. Pingback: more info
  557. Pingback: click here
  558. Pingback: tires
  559. Pingback: rims
  560. Pingback: wheels
  561. Pingback: Greg Thmomson
  562. Pingback: gmail.com login
  563. Pingback: click here
  564. Pingback: read more
  565. Pingback: click here

Leave a Reply