Might Oregon kill ‘kicker tax’ rebate to help education?

PORTLAND, Ore. (AP) – Momentum is building to end the only-in-Oregon approach of issuing tax rebates in order to build reserves for schools.

The Oregonian/OregonLive reports that if Oregon economists’ predictions hold, taxpayers will receive up to $724 million worth of “kicker” rebates when they file their income taxes in 2020.

Right now, the median state resident with roughly $36,000 a year in adjusted gross income can expect a tax credit of about $175 in 2020.

But it’s possible voters will decide to instead send the money to a rainy day fund for schools that the state could tap during economic downturns.