Oregon legislature prepares to write tax measure ballot titles
SALEM, Oregon: Next week the Oregon Legislature will be writing the ballot titles for ballot measures scheduled to appear on the January 26, 2010 ballot. The Oregon Tax Hike Referendum (2010) directly challenges House Bill 2649 and House Bill 3405. The referendum is scheduled to appear as two separate measures - Measure 66 and Measure 67 - on the January ballot.
Gov. Ted Kulongoski signed both HB 2649 and 3405 into law on July 20, 2009. The tax bills increase taxes in the state by $733 million through increasing the state’s corporate minimum tax, raising taxes on the state’s high-income individuals and raising income taxes on businesses. In reaction to the news, tax activists in the state geared up to use the veto referendum process in the state to try to stop the hikes.