STREAMING NOW: Watch Now

Oregonians expected to receive large 'kicker' tax refund

A personal kicker of $686 million and a corporate kicker of $208 million are projected.

Posted: Aug 29, 2018 1:44 PM

SALEM, Ore. (AP) -- Personal and corporate income tax collections were higher than forecast and Oregonians are expected to benefit from the biggest kicker, or tax refund, in more than a decade.

State economists presented their revenue and economic outlooks at a Capitol hearing room on Wednesday, saying all industries are expected to grow in Oregon this year and next, with construction, professional and business services and leisure-hospitality leading the way.

Second quarter personal income tax collections were up $85.7 million, or 3 percent, from the June 2018 forecast. Second Quarter corporate income tax collections were up $21.4 million, or 6 percent, from that forecast.

A personal kicker of $686 million and a corporate kicker of $208 million are projected. Both kickers would be the largest dollar amounts seem in more than a decade.

Eugene
Cloudy
51° wxIcon
Hi: 52° Lo: 41°
Feels Like: 51°
Corvallis
Cloudy
48° wxIcon
Hi: 49° Lo: 33°
Feels Like: 43°
Roseburg
Cloudy
50° wxIcon
Hi: 55° Lo: 44°
Feels Like: 50°
North Bend
Cloudy
54° wxIcon
Hi: 51° Lo: 43°
Feels Like: 54°
KEZI Radar
KEZI Temperatures
KEZI Planner

LATEST FORECAST

Community Events