CITIZENS PANAL SAYS ELIMINATE “CORPORATE KICKER”

From KATU2:

A panel of citizens has recommended that Oregon voters eliminate “corporate kicker” tax rebates with a ballot measure this fall, even after the initiative’s supporters declined to participate in the process.

The 24-member Citizens’ Initiative Review Commission, a new board approved last year by the state Legislature, released its suggestion Friday after spending a week reviewing the issue.

Measure 85 would eliminate “kicker” tax rebates that businesses receive when corporate income tax collections exceed expectations. It would instead direct the money to schools. It would not affect the personal kicker that goes to individual taxpayers.

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