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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]
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 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 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 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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Lawmakers sent three measures to voters to decide and more than 117,000 residents signed enough petitions for two other issues to be voted on.