Bill > SB399

This bill modifies Oregon's existing law regarding surplus state revenue refunds, commonly known as "kicker" refunds. The legislation changes how these refunds are processed, mandating that the Department of Revenue issue the surplus revenue refunds as physical checks instead of tax credits. Specifically, when state revenues exceed the original biennial estimate by 2% or more for certain tax categories (primarily personal income taxes), the excess amount will be refunded directly to taxpayers through checks mailed by December 15 following the end of the biennium. The bill adjusts several technical details, such as moving the date for determining refund percentages to September 15 and clarifying administrative processes. The changes will apply to surplus revenue refunds for biennia beginning on or after July 1, 2025, ensuring a clear transition period. The legislation maintains existing rules about minimum refund amounts (less than $1 will not be issued) and limits the administrative costs for processing these refunds to $250,000. The bill takes effect 91 days after the 2025 legislative session adjourns, providing time for implementation and communication with taxpayers.

Budget and Finance

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB399