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Oregon Democrats' desire to cancel new tax break for top 1% wanes as revenues rebound, 'kicker' rebate looms


Oregon Democrats’ desire to cancel new tax break for top 1% wanes as revenues rebound, ‘kicker’ rebate looms
Updated Mar 06, 2021;
Posted Mar 06, 2021
Oregon House Speaker Tina Kotek, D-Portland, told reporters this week that while the question of whether to repeal three new business tax cuts is in part an issue of equity, the urgency to roll back those breaks has decreased as a result of state revenue growth. Members of the Oregon House are pictured here at a swearing-in ceremony on Jan 11, 2021.The Oregonian
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Oregon economists’ announcement last week that tax revenues will likely exceed pre-pandemic expectations was good news for taxpayers, who might now be on track to receive a ‘kicker’ tax rebate in 2022. ....

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Readers respond: Unacceptable silence on stimulus tax


Readers respond: Unacceptable silence on stimulus tax
Updated Mar 04, 2021;
While the fact that Oregon tax law allows federal stimulus payments to be indirectly taxed is indeed unfair in that it penalizes low- to middle-income taxpayers just for receiving them, I am even more upset about how long it took for the state to bring it to public attention. Although I first discovered it in mid-January, there was next to no information on it to be found online until about a week before tax filing season for 2020 officially opened Feb. 12. Even Oregon’s Revenue Department had made no effort to inform laypeople that there is a new step on the federal tax liability subtraction worksheet that explicitly excludes stimulus payments, effectively increasing Oregon taxable income. Neither its website nor the “New Information” section in the Oregon tax return’s instruction manual had made any announcements about this until mid-February. ....

United States , Oregon Legislative Revenue Office , Even Oregon Revenue Department , Revenue Department , Legislative Revenue Office , ஒன்றுபட்டது மாநிலங்களில் , ஓரிகந் சட்டமன்றம் வருவாய் அலுவலகம் , கூட ஓரிகந் வருவாய் துறை , வருவாய் துறை , சட்டமன்றம் வருவாய் அலுவலகம் ,

Our View: Keep taxes off stimulus checks


The federal stimulus checks helped a lot of Oregonians out when they needed it. And it also is going to help out Oregon government.
The federal government is not taxing the stimulus payments. But Oregon does tax the stimulus payments at the state’s tax rate of 8.75%.
According to the Legislative Revenue Office, a couple who received $3,400 in stimulus payments would have to pay about $298. That could mean your tax refund loses a chunk, or it could mean you end up owing taxes because of the stimulus payment.
Not exactly what most folks would anticipate when it came to the federal assistance. ....

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