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OR SB573
Bill
Status
Failed
6/27/2025
Primary Sponsor
Lew Frederick
Click for details
AI Summary
- Repeals Oregon's personal income tax "kicker" law, which currently refunds surplus General Fund revenues to taxpayers when collections exceed estimates by 2% or more
- Discontinues the return of surplus revenue refunds to personal income taxpayers, while retaining corporate surplus revenues in the General Fund for K-12 public education funding
- Applies to biennia ending on or after June 30, 2027
- Takes effect only if voters approve Senate Joint Resolution 15 (2025), a constitutional amendment, at the November 2026 general election
- Repeals ORS 291.351, 305.792, and 305.794 and amends ORS 291.349 to remove personal income tax kicker provisions
Legislative Description
Relating to surplus revenue disposition; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025
Committee Referrals
Rules1/17/2025
Full Bill Text
No bill text available