Monday, August 2, 2021

Sen. Anderson introduces bill to return taxed stimulus funds

TRENDING

Lincoln County Planning Commission Seeks New Members

Lincoln County is seeking a new member to serve on the Lincoln County Planning Commission.

Ten Tigers take titles in Lincoln County JV track and field meet in Newport

Sophomores William Calderon led four boys and Avery Nightengale six girls with individual titles Tuesday as Taft High placed second in both the men’s...

Man dead, four in hospital after Sunday HWY 101 crashes

A pair of crashes Sunday in Gleneden Beach and Newport were responsible for a death and sending four to hospitals.
Justin Werner
Justin Werner is a publisher/journalist living in Lincoln City, Oregon. He strives to get all sides of a story and maintains strict ethical standards for both of the publications he oversees.
- Advertisement -

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 -
- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest articles

Sheriff: Protect yourself from identity theft

Identity theft continues to be a growing problem costing us billions of dollars every year in personal losses, investigations, and increased financial institution fees.

Newport police arrest ‘victim’ for false report of Starbucks robbery

Newport Police arrested a man who said he was robbed for making a false report due to new video evidence discrediting his story.

Lincoln County Planning Commission Seeks New Members

Lincoln County is seeking a new member to serve on the Lincoln County Planning Commission.

Palma named County Assistant Emergency Manager

Lincoln County Health and Human Services and Lincoln County Sheriff’s Office have selected Jessica Palma as their new County Assistant Emergency Manager.

Books donated to newborns at Samaritan Pacific Communities Hospital

NEWPORT-- A Siletz mother who is also an independent book consultant asked the community to support her fundraiser to provide books to newborns at Samaritan Pacific Communities Hospital.