PORTLAND, Ore. (AP) – The strong economy has triggered Oregon’s kicker law. State economists said Wednesday that more than $460 million will be returned to taxpayers.
Rather than getting a check, taxpayers must claim the kicker as a credit when they do their 2017 state taxes early next year.
The kicker law was created in 1979 as a check on government growth. It’s triggered when the state collects at least 2 percent more than anticipated during a two-year budget cycle. When that happens, the additional money is kicked back to taxpayers.
The estimated median rebate will be $89, though the value varies significantly based on income.
Oregon taxpayers last got their kicker in 2015. Before 2015, they had gone eight years without a rebate, due to the recession.