PORTLAND, Ore. (AP) -- Momentum is building to end the only-in-Oregon approach of issuing tax rebates in order to build reserves for schools.
The Oregonian/OregonLive reports that if Oregon economists' predictions hold, taxpayers will receive up to $724 million worth of "kicker" rebates when they file their income taxes in 2020.
Right now, the median state resident with roughly $36,000 a year in adjusted gross income can expect a tax credit of about $175 in 2020.
But it's possible voters will decide to instead send the money to a rainy day fund for schools that the state could tap during economic downturns.
- Might Oregon kill 'kicker tax' rebate to help education?
- Kicker tax calculator available
- Oregonians expected to receive large 'kicker' tax refund
- EPUD offering rebate for hybrid electric water heater
- Oregon Department of Education takes on bullying
- Oregon Legislature opens, governor calls for education focus
- Oregon's transportation taxes take effect Jan. 1st
- Central Oregon crash kills three
- Arizona woman accused of killing Oregon man
- Oregon lawmakers weigh in on new GOP tax plan