Oregon DOR Announces Tax Surplus Credit for 2023 Tax Year

The Oregon Department of Revenue (DOR) announced that the Office of Economic Analysis has confirmed a more than $5.61 billion revenue surplus in the 2021-2023 biennium, triggering a tax surplus credit, or “kicker,” for the 2023 tax year. The surplus will be returned to taxpayers through a credit on their 2023 state personal income tax returns filed in 2024. The credit is based on tax liability for the 2022 tax year. Taxpayers who have not yet filed a 2022 tax return are encouraged to do so now so they can claim their kicker credit when they file their 2023 tax ...