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NFIB Members Asked for Their Opinion on Measure 118

August 5, 2024

NFIB Members Asked for Their Opinion on Measure 118

Unique among business associations, NFIB constantly polls its membership on the issues most vital to their ability to own, operate, and grow their small businesses. Of the five initiatives appearing on the November 5 ballot, NFIB has identified Measure 118 as the most important and the one we’d like to hear about most from our members. Ballot Measure 118 establishes a tax increase on corporations, including S corporations, in the amount of 3% of gross sales in Oregon over $25 million. This is in addition to any taxes already paid by these businesses. Similar to the concept of a Universal Basic Income, the measure requires the increase in corporate tax revenue to be rebated equally to all individuals who have lived in Oregon for 200 days during the previous calendar year, with certain exceptions. The Oregon Department of Revenue will determine the amount available for rebate each year. Estimates differ, but range between $750 -$1,500 annually per person, meaning a family of four would receive $3,000-$6,000 per year from the state. The measure applies to 2025 and later tax years and authorizes rebates to be paid beginning in 2026. Please let us know your opinion on Ballot Measure 118 by voting your special ballot. You should have already received a unique survey link via email, which will only be available for a limited time, so please vote your special member ballot as soon as possible!

Topics:

Elections

Taxes

State:

Oregon

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