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Oregon edges closer to âkickerâ refund. The latest forecast of Oregon tax revenue is increasing speculation taxpayers could see a kicker refund. If Democratic Gov. John Kitzhaber is re-elected, he will base his budget on the Nov. 13 forecast.
As a general principle, a capital receipt is non-taxable while a revenue receipt is taxable. In an old Mumbai High Court ruling, it was held that monthly alimony, being a regular and periodic return from a decree, would constitute taxable income. In contrast, the lump sum payment received was held to be a capital receipt and, hence, not taxable for the former spouse.