oregon sales tax measure
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These businesses pay Oregon’s corporate minimum tax. It’s a tax based on gross receipts, and it kicks in when it exceeds a corporation’s tax under the profits tax. This structure has been in place since 2009, after Oregon voters enacted Measure 67. While it’s a very modest gross receipts tax, nonetheless it’s a tax based on Oregon sales.
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The measure will raise the corporate minimum tax for C corporations with more than $25 million in Oregon sales. However, of the nearly 30,000 C corporations operating in the state, only 3 percent have. He explains that Measure 97 is a tax on sales, not profits.
Ballot Measure 97 increases the annual minimum tax on corporations with Oregon sales of more than $25 million. It imposes a minimum tax of $30,001 plus 2.5 percent of amount of sales above $25 million. Oregon sales under $25 million would not be affected.
It would likely be a gross receipts tax calculated on a company’s sales, or a business activity tax. for most businesses that voters had approved for all Oregon property owners in 1997 through.
As of 2018, Oregon had no statewide sales tax and no law preventing local governments from establishing a sales tax. Two cities in Oregon do have a tax on prepared foods and non-alcoholic drinks, which fall under the definition of groceries in Measure 103 according to the attorney general. Ashland and Yachats charge a sales tax of five percent on prepared food and non-alcoholic drinks. The tax was approved by voters in Ashland and established in 1990.
Oregon Voters Reject Tax-Raising Measure 97. Proponents of the corporate tax returned with a new proposal but couldn’t get the Legislature to approve it. The Oregon Education Association now says it is looking toward moving forward with a slimmed down version of Measure 97 for the 2018 ballot.
Oregon Gov. Kate Brown speaks during her State of the State address in Portland last year. Brown says she supports Oregon’s contentious Ballot Measure 97 because the state budget is facing a $1.3.
Priority Oregon is using Oregonians’ extreme distrust of a sales tax to drum up dislike for any new gross receipts tax proposal. "We thought this argument had been laid to rest last year," Davis said,