Signatures filed for Oregon tax hike referendum
SALEM, Oregon: On Friday, Oregon Tax Hike Referendum supporters filed approximately 130,000 signatures for both the personal income tax measure and corporate tax measure, according to referendum supporters. In order to place the measures on the 2010 statewide ballot a minimum of 55,179 valid signatures are required for each proposal. The proposed measure aims at stopping two tax bills signed by Gov. Ted Kulongoski in June 2009. The 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. State elections officials have exactly 30 days to verify the signatures.