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- Oregon Ballot Measure 97 was a ballot measure in the 2016 election in the U.S. state of Oregon. The initiative asked voters to determine whether or not to impose a 2.5 percent gross receipts tax on C corporations with Oregon sales exceeding $25 million. S corporations and benefit companies (companies that benefit society and the environment, as determined under state law) would be exempt from the tax. It was estimated the measure would raise $3 billion annually for the state, if passed. The nonpartisan Oregon Legislative Revenue Office determined that of the some 250,000 businesses registered in Oregon, 951 would be subject to the tax; of these, the hundred largest taxpayers would pay about two-thirds of the monies raised. The same report estimated that wholesale companies in Oregon would see their taxes grow by almost $600 million, a 583 percent increase. Taxes on Oregon retailers would increase by $535 million, a 766 percent jump. Health care firms operating in Oregon would experience a 1,211 percent increase in their taxes, adding almost $100 million per year to the cost of health care across the state. During the state's general election held in November 2016, Oregon voters defeated the measure 59 percent (opposed) to 41 percent. (en)
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- 9364 (xsd:nonNegativeInteger)
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- Results by county (en)
- Yes
No (en)
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- Source: Oregon Secretary of State (en)
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- Increases corporate minimum tax when sales exceed $25 million; funds education, healthcare, senior services (en)
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- Oregon Ballot Measure 97 was a ballot measure in the 2016 election in the U.S. state of Oregon. The initiative asked voters to determine whether or not to impose a 2.5 percent gross receipts tax on C corporations with Oregon sales exceeding $25 million. S corporations and benefit companies (companies that benefit society and the environment, as determined under state law) would be exempt from the tax. It was estimated the measure would raise $3 billion annually for the state, if passed. (en)
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- 2016 Oregon Ballot Measure 97 (en)
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