Saturday April 17, 2021

Sen. Anderson introduces bill to return taxed stimulus funds

Latest articles

Most popular

Latest Videos

Random

Dick Anderson

Oregon State Senator Dick Anderson introduced a bill Wednesday designed to send stimulus money back to Oregonians after it has been taxed by the state.

Senate Bill 842 or the “Stimulus Check Protection Act,” would send a reimbursement check for taxed stimulus money.

Lincoln City residents have expressed disdain over the taxing of stimulus funds and have taken to local media outlets and social media to voice their concerns.

“There is no reason to be nickel and diming Oregonians by taking part of their stimulus check,” Anderson said. “The State of Oregon is doing better than expected with tax revenues.”

According to State House Rep. David Gomberg (D) Oregonians are likely to see a kicker tax refund on their 2021 returns as Oregon must give money back to the people when the state brings in more money than expected.

Because of a loophole in the state tax code, an estimated 870,000 Oregonians will be sending part of their federal stimulus checks to state government. Anderson said middle-class families will be the hardest hit by taxing stimulus funds.

Senator Anderson’s office had previously indicated that people may have to amend their tax filing or get a tax credit on 2021’s taxes. However, SB 842 includes language that would require the Department of Revenue to send checks for the amount of taxes taken out of Oregonian’s stimulus checks. This is similar to how the Oregon Kicker Tax refund is conducted.

“We realized that making working people jump through hoops to get their money wasn’t the right approach,” Anderson said. “To ensure that most Oregonians get their money back, we opted to go for a system that proactively sends checks to those affected.”

Senate Bill 842 was first read Wednesday on the Senate floor and is in the Senate Committee On Finance and Revenue.

-ADVERTISEMENT-
Justin Werner
Justin Wernerhttps://wernerhost.com/
I'm publisher of Lincoln City Homepage and an investigative journalist. Also the web guy, photographer, cameraman, video editor, sportswriter, cat trainer and e-bike enthusiast.

RELATED ARTICLES

Welcome to the comments section. Feel free to speak your mind about topics raised in this article, but please be aware insulting or hateful comments will be removed. Please don’t abuse the anonymity we provide or we will block your access to this website. Have fun and thank you for engaging in discourse on our site.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Need to edit your comment? Send us an email so we can correct it for you!

SEND US AN EMAIL

-ADVERTISEMENT-
-ADVERTISEMENT-

Trending

-ADVERTISEMENT-

COVID-19

USA
580,021
Total deaths
Updated on April 17, 2021 8:06 am
USA
24,836,250
Total recovered
Updated on April 17, 2021 8:06 am
USA
6,894,424
Total active cases
Updated on April 17, 2021 8:06 am

This website is hosted and maintained by Wernerhost.

Our mission is to provide clients with everything needed to be successful online.

If you need our services, click here.