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This story will be updated at 8 p.m. with the initial election results. Measure 118, known as the "Oregon Rebate," would increase the minimum tax by 3% on businesses that have sales in the state ...
Oregon Ballot Measure 118, the Corporate Tax Revenue Rebate for Residents Initiative, was a proposed Oregon state initiative that was decided by voters as part of the 2024 Oregon elections on November 5, 2024. [1] [2]
Oregon businesses have spent millions to oppose a ballot measure that would establish a corporate tax to be redistributed as universal basic income. ... $9.3 million in opposition to Measure 118 ...
Millions have been raised in opposition of the measure which would raise taxes on some corporations and distribute the money to every Oregonian. Measure 118: 'Oregon Rebate' proposes taxing ...
The Oregon tax rebate, commonly referred to as the kicker, is a rebate calculated for both individual and corporate taxpayers in the U.S. state of Oregon when a revenue surplus exists. The Oregon Constitution mandates that the rebate be issued when the calculated revenue for a given biennium exceeds the forecast revenue by at least two percent ...
The list of Oregon ballot measures lists all statewide ballot measures to the present. In Oregon, the initiative and referendum process dates back to 1902, when the efforts of the Direct Legislation League prompted amending the Oregon Constitution for the first time since 1859. The process of initiative and referendum became nationally known as ...
Oregon's universal basic income measure failed, with 78.8% of voters opposing the policy. The measure proposed giving $1,600 annually to state residents, funded by a corporate tax increase.
The leaders of the tax revolt include Don McIntire, president of the Taxpayer Association of Oregon, and Bill Sizemore, leader of Oregon Taxpayers United.Much of the money spent to promote these anti-tax measures were provided by out-of-state backers including Americans for Tax Reform headed by Grover Norquist.