Bill > SJR15

This joint resolution proposes an amendment to the Oregon Constitution that would eliminate the "personal income tax kicker," a mechanism that currently requires surplus state revenues to be returned to personal income taxpayers. Under the proposed changes, if state revenues from corporate income and excise taxes exceed the initial estimate by two percent or more, the excess funds would be retained in the General Fund and used to provide additional funding for public education from kindergarten through 12th grade. The resolution would apply to biennial budget periods beginning on or after July 1, 2025, and includes provisions allowing the Legislative Assembly to adjust revenue estimates before the end of a biennium with a two-thirds majority vote. The proposed constitutional amendment would be submitted to Oregon voters for approval or rejection at the next regular general election, effectively asking voters whether they want to end the practice of automatically returning surplus tax revenues to individual taxpayers and instead redirect those funds to public education.

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SJR15