Taxpayer Alert on Special Session bill to raid our Kicker Tax Refund
Taxpayer Association of Oregon [1],
There are a limited number of bills that can be submitted during the upcoming Oregon Special Legislative Session. Like previous special sessions everything is tightly controlled. This makes the early drafting of a bill to raid the kicker tax refund and put the money into the politician’s personal reserve account all the more dangerous. Here is the bill title to SJR 45 “Proposes amendment to Oregon Constitution to establish reserve fund intended to provide funding in response to economic decline. Establishes mandated savings rate from surplus revenues. Transfers surplus revenue above estimate for biennium to reserve fund. Returns surplus revenue that exceeds certain thresholds to personal income taxpayers.”. Read bill here. [2]