Oregon Set for Largest-Ever ‘Kicker’ Refunds of Over $5 Billion

Oregon is poised to provide $5.6 billion in tax refunds next year—marking the biggest amount in the state’s history—after experiencing record revenue growth.

The state’s Office of Economic Analysis said in a report that an examination of the underlying revenue collections from 2021 to 2023 revealed that the “kicker” amount surged to an all-time high of $5.6 billion. The figure is nearly three times the $1.89 billion reached in the 2019-21 period.

The Oregon surplus credit, known as a “kicker,” is a refundable tax credit that the government returns when state revenues are higher than anticipated. If ...