Oregon Increases Maximum Deductible on State Income Tax Return, Measure 88 (2000)

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Oregon Ballot Measure 88 (2000) or Senate Bill (SB) 535 is a legislatively-referred state statute that increases from $3,000 to $5,000 the maximum amount of federal income taxes that a personal income taxpayer may deduct from Oregon taxable income. Under Ballot Measure 88, only a taxpayer's federal taxes that are greater than $5,000 would remain nondeductible for Oregon tax purposes.[1]

Election results

This measure passed at the November 2000 General Election.

Measure 88
ResultVotesPercentage
Approveda Yes 739,270 50.52%
No724,09749.48%


Ballot title

Increases Maximum Deductible In Oregon For Federal Income Taxes Paid[2]

Support

Supporters of the measure favor putting more money back in the hands of the people of Oregon and allowing them to invest or save more of what they earn. They point out that Oregon public education and the Oregon Health Plan are protected from "severe" cuts. [3]

Opposition

Those opposed are concerned with the effect the cuts will have on education.

Supporters from The Oregon PTA (Oregon Congress of Parents and Teachers)said, "This measure would cost $167 million in the next two years and $260 million in the two years after that. It is inconceivable to even think about such an enormous loss of funds."

Many opposed point out that working class Oregonians wont even benefit from the tax cuts and that it will only help out the high income families and give minimal benefit to middle class ones. [4]

See also

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References


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