Status (overview) of bill:https://olis.oregonlegislature.gov/liz/2023R1/Measures/Overview/SB774
Committee assigned to bill:https://olis.oregonlegislature.gov/liz/2023R1/Committees/SFR/Overview
A new Kicker income tax refund bill that is WORSE than the House version that was defeated. Bot SB 744 and SJR 26 simply removes kicker language from the Constitution and statutes dumping the money back into the General Fund for spending. This removes any accountability Oregon taxpayer have over legislature spending.
Oregonians are expected to collect, on average, a $785 kicker refund, next year due to surplus over-collected taxes being returned to taxpayers.
Senate Joint Resolution 26 would eliminate the people’s Kicker Income Tax Refund law altogether (because it is in the Constitution it requires Senators to refer a ballot measure to the people asking voters to surrender their Kicker refund). Also, Senate Bill 774 is the kill-the-kicker implementation language for SJR 26.
What’s the buzz?