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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 are spending big to oppose a ballot measure that would tax corporations and give residents $1,600 a year in a rebate program that is similar to a universal basic income.
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 ...
Oregon Ballot Measure 118; Oregon Ballot Measure 119 This page was last edited on 16 October 2024, at 06:47 (UTC). Text is available under the Creative Commons ...
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 ...
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.
Measure 116 would establish an Independent Public Service Compensation Commission to determine certain public officials' salaries. Measure 117 would allow for ranked-choice elections for federal and most state offices, except for state legislature. Measure 118 would require Oregon issue rebates to residents from surplus corporate tax revenue.