Bill > HJR13

This joint resolution proposes an amendment to the Oregon Constitution that modifies the state's corporate "kicker" tax policy. Currently, when corporate tax revenues exceed initial estimates by two percent or more, the excess funds were previously allocated to public education. Under this new amendment, those surplus corporate tax revenues would instead be specifically directed toward public school construction projects, infrastructure improvements, and maintenance projects benefiting kindergarten through 12th-grade students. The resolution requires the Governor to prepare revenue estimates at the beginning and end of each biennium (two-year budget cycle), and if corporate tax revenues significantly exceed initial projections, the excess funds would be retained in the General Fund and used for the specified educational infrastructure purposes. The proposed constitutional amendment would take effect for budget periods beginning July 1, 2025, and would remain in effect until June 30, 2029. The amendment will be submitted to Oregon voters for their approval or rejection at the next regular general election, allowing the state's electorate to decide whether to implement this change in how surplus corporate tax revenues are utilized.

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HJR13