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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 residents will soon vote on a corporate tax increase to give them a universal basic income. Businesses have spent millions to oppose the 3% tax on corporate sales over $25 million.
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 ...
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.
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.
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