Signed by Governor John Kitzhaber

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that changes the method by which "kicker" refunds are awarded to personal income tax payers from a direct payment to a tax credit against the following year's tax liability, effective July 1, 2011.

Highlights:

• Authorizes the award of a kicker refund to an individual income tax payer as a tax credit against the following year's tax liability, whereas existing law required a direct payment (Sec. 1).

• Requires the Department of Revenue to provide information and guidance to taxpayers regarding the calculation of the credit (Sec. 1).

• Specifies that the Department of Revenue may use its own discretion to determine the manner in which the credit is calculated when the filing status of a tax payer is altered from one year to the next (Sec. 1).

• Specifies that the cost incurred by the Department of Revenue for administering the credits shall not exceed $250,000 (Sec. 3).

• Specifies that any amounts left in the Surplus Kicker Cost Account on July 1, 2011 shall be transferred to the General Fund (Sec. 6).

• This act is effective July 1, 2011 (Sec. 7).

Full Bill Text