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OR SJR15
Joint Resolution
Status
6/27/2025
Primary Sponsor
Lew Frederick
Click for details
AI Summary
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Eliminates the personal income tax "kicker" that currently requires surplus General Fund revenue exceeding estimates by 2% or more to be returned to personal income taxpayers
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Retains the corporate kicker, which directs surplus corporate income and excise tax revenue exceeding estimates by 2% or more to K-12 public education funding
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Amends Article IX, Section 14 of the Oregon Constitution and removes related provisions allowing the Legislature to use kicker funds during catastrophic disasters
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Applies to biennia beginning on or after July 1, 2025, with the transition section set to be repealed June 30, 2029
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Requires voter approval at the next regular general election as a constitutional amendment referendum
Legislative Description
Proposing an amendment to the Oregon Constitution relating to surplus revenue.
Last Action
In committee upon adjournment.
6/27/2025