Regional News

Oregon's Estimated Kicker Grows

(Salem, OR) -- The potential income tax kicker rebate for 2023 in Oregon has grown by 500-million dollars over the forecast three months ago. The Oregon Department of Revenue is forecasting a three-and-a-half billion dollar kicker which would be paid in 2024. The forecast depends on whether the Federal Reserve is successful in avoiding a recession. Oregon's kicker refund is triggered when tax revenue exceeds two-percent of the state's budget. A mild recession could reduce revenue by one-point-two billion dollars.

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