Oregon voters passed Measure 85, which diverts corporate kicker revenue into a fund for public schools instead of rebating the money to companies.
Oregon voters passed Measure 85, which diverts corporate kicker revenue into a fund for public schools instead of rebating the money to companies.
Under Oregon law, if state income tax collections exceed revenue projections by 2 percent or more over a two-year span the state must rebate the surplus to taxpayers. The law makes a distinction between personal and corporate refunds. Corporate refunds are typically much smaller than personal ones, and have averaged about $120 million every two years.
Read more at OregonLive.com.
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