Income tax

SB 774/SJR 26 Removes kicker language

Posted on May 31, 2023 by dbleiler | 0 Comments

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…

SB 1 Self-identified race/ethnicity on tax forms

Posted on March 30, 2023 by dbleiler | 0 Comments

This bill allows personal income taxpayers to voluntarily report taxpayers’ self-identified race and ethnicity identifiers. Charges the Department of Revenue with creating a schedule to enable taxpayers to use the REAL-D (Race, Ethnicity, Language, and Disability) race and ethnicity identifiers as the list from which a taxpayer may select up to three options. A firewall inside the department will ensure…

HJR 23 Dedicates part of kicker to drought

Posted on March 21, 2023 by dbleiler | 1 Comments

This bill proposes amendment to Oregon Constitution to modify return of surplus revenue to personal income taxpayers by directing percentage of surplus revenue to reserve fund established to combat drought. Maintains return of surplus to taxpayers with lower incomes and phases out amount re-turned to taxpayers with higher incomes. Refers proposed amendment to people for their approval or rejection at…

LAWMAKERS LAY GROUND FOR INCOME TAX INCREASE

Posted on December 16, 2022 by BJ | 0 Comments

Last week a draft bill has been introduced in the Legislative Revenue Committee and it deals with Oregon income taxes. The draft bill (LC 1581) is very simple, it requires the State Capitol Revenue Office to study Oregon’s income tax and make recommendations to lawmakers. Here are 4 reasons why you should concerned. #1. Legislative studies are the first step…

Rep. Reschke: Review of legislature’s first week

Posted on February 6, 2022 by BJ | 0 Comments

New Speaker of the House For the first time in 9 years, Oregon’s House of Representatives has a new Speaker of the House: Representative Dan Rayfield of Corvallis. How Speaker Rayfield will differ from the previous Speaker is yet to be seen. Bills I introduced two bills on the opening day of session: • HJR 201 – Ending the Governor’s…

Oregon Legislature set to adjourn without refunding $300 million in taxes generated by stimulus checks

Posted on June 26, 2021 by BJ | 0 Comments

Oregonians won’t get a refund on $300 million in personal income taxes generated by federal stimulus payments, as the Legislature is set to conclude its 2021 regular session on Friday or early Saturday without addressing the issue. Early in the session, both Democrats and Republicans had expressed support for resolving the thorny situation and returning the money to roughly 900,000 Oregon…

Lawmakers try again to introduce bill that would repay Oregonians for tax on stimulus

Posted on June 23, 2021 by BJ | 0 Comments

UPDATE (6-28-21): this bill was passed! Creates refundable income tax credit to adjust for effect on federal income subtraction of recovery rebates allowed to personal income taxpayers. Provides for credit to be claimed on personal income tax return for 2021 tax year. Applies to tax years beginning on or after January 1, 2020, and before January 1, 2021. Provides that…