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Oregonians to get record $1.6 billion tax refund 'kicker'

State economists say nearly $1.6 billion will go back to taxpayers in 2020.

SALEM, Ore. -- It's official: Oregonians will see the largest-ever "kicker" tax refund next year.

Oregon Public Broadcasting reported Wednesday that with all tax receipts for the just-ended biennium counted, state economists say more than $1.57 billion will flow back to personal income taxpayers in 2020, when they file their 2019 taxes. That compares to a "kicker" refund of a little more than $1.4 billion projected in May, when officials last forecast overall revenues.

The final tally, delivered to lawmakers in a hearing Wednesday morning, continued a consistent trend over the last two years, as state tax revenues consistently outpaced economists' expectations.

In 2017-19, tax receipts came in 9% above projections, meaning the largest refund, by dollar amount. As a percentage of tax liability, it will be the third-largest kicker in Oregon history.

RELATED: Lawmakers vote to cut Oregon 'kicker' tax rebate by $108 million